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re: Louisiana Stocks

Posted on 4/22/10 at 1:07 pm to
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 1:07 pm to
I'd like to get some updated DD on ETR, LAMR, OMNI, PQ, SHAW, TDW, and then whichever of the Cheniere ones.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 1:14 pm to
Tidewater has 337M in cash

3.3B Total Assets

300M Total Debt w/ 275 of that being long-term

883M Total Liabilities

No dilution over past 5 quarters (52M O/S).

Revenues have increased in each of past 5 quarters.

Earnings over next 5 quarters are estimated to be between 1.04-1.18 which is nothing special.

PEG is .70. May be a little undervalued but not by much. Nothing really special about this one from the fins alone.
Posted by Greenspan
6 million posts
Member since Dec 2007
2194 posts
Posted on 4/22/10 at 1:40 pm to
Look at HOS.
Posted by LSURussian
Member since Feb 2005
134748 posts
Posted on 4/22/10 at 1:50 pm to
quote:

Hammond-based FPB Financial Corp., the holding company for Florida Parishes Bank, announced quarterly earnings of $536,000, or $1.46 per diluted share, compared to $160,000, or 45 cents per diluted common share, an increase of 234 percent.

Earnings got a boost from an increase in net interest income of $256,000, provisions for loan losses that declined by $110,000, a decrease in total non-interest expenses of $108,000 and an increase in non-interest income of $57,000.

Non-performing assets declined to $1.4 million, or 0.87 percent of average total assets.

LINK

Their stock price is unchanged on low volume today.

LINK
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 1:52 pm to
Too much debt on that one. As a general rule, I won't invest in a company whose cash position is less than their debt.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 1:59 pm to
1.46 for the quarter? That's pretty damn good. If they can repeat that in each of the next 3 quarters that would give them a forward P/E of just 4.6. The thing is extremely thinly traded though. Why are they on the OTC?
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 2:00 pm to
Russian, dividend declared as well:

quote:

Fritz W. Anderson II, Chairman of the Board announced today that "On April 8, 2010, the Board of Directors of FPB Financial Corp. declared a cash dividend on the common stock of the Company bearing Cusip #302549 10 0. The dividend rate will be $0.14 per share and will be paid on June 25, 2010 to stockholders of record at the close of business on June 10, 2010."
Posted by LSURussian
Member since Feb 2005
134748 posts
Posted on 4/22/10 at 2:00 pm to
Very small, closely held bank, I believe. Pink sheet only, I think.
Posted by LSURussian
Member since Feb 2005
134748 posts
Posted on 4/22/10 at 2:02 pm to
quote:

Fritz W. Anderson II, Chairman of the Board announced today that "On April 8, 2010, the Board of Directors of FPB Financial Corp. declared a cash dividend on the common stock of the Company bearing Cusip #302549 10 0. The dividend rate will be $0.14 per share and will be paid on June 25, 2010 to stockholders of record at the close of business on June 10, 2010."
And most of the shareholders said, "Thanks, Uncle Fritz!"
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 2:03 pm to
Trades on the OTCQB which is the Rolls-Royce of OTC exchanges, second only to the OTCQX. Pretty much the same as being listed on a big board in terms of disclosure and auditing standards.
This post was edited on 4/22/10 at 2:07 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 2:08 pm to
Only 359k O/S. I'm just still trying to find out why this company has no current SEC filings.
Posted by LSURussian
Member since Feb 2005
134748 posts
Posted on 4/22/10 at 2:11 pm to
Are you sure? (regarding you comment, "Trades on the OTCQB which is the Rolls-Royce of OTC exchanges, second only to the OTCQX. Pretty much the same as being listed on a big board in terms of disclosure and auditing standards.")

Their 3 month average daily volume is 125 shares according to Yahoo Finance. And their total number of shares outstanding is 359,000.

LINK
This post was edited on 4/22/10 at 2:14 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/22/10 at 2:18 pm to
I'm not sure. This link says OTCQB:

LINK

However, usually companies trading on the OTC will be designated w/ the extension .OB while companies trading on the Pink Sheets will be designated w/ the extension .PK. FPBF's designation is .PK. However, that website is pretty much authoritative for OTC/Pink stocks.

Hrmmm...

In any event, it appears FPBF's managers don't want it to be an actively traded stock which explains them not caring to pay the listing fees to have it listed on a major exchange. But why be public then? In any event, a forward split is needed to provide more liquidity.
This post was edited on 4/22/10 at 2:20 pm
Posted by LSURussian
Member since Feb 2005
134748 posts
Posted on 4/22/10 at 2:26 pm to
If I am thinking of the right institution, this bank is basically a family owned bank. Probably the only time shares get traded is when someone dies and the estate has to sell shares to pay the inheritance taxes.
Posted by STEALTH
Kansas
Member since Feb 2008
958 posts
Posted on 4/22/10 at 5:29 pm to
AMED Baton Rouge
LHCG Lafayette

Pure Obama plays on HC....

Home Health companies will be closely tied to the future of patient care in America. The goverment will turn more and more to home health because it is a huge cost saving alternative to hospitals.



Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/23/10 at 8:00 am to
I'll look into these. Thanks.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/25/10 at 2:05 am to
Still intend to look into these stealth. A bit busy as of late.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/25/10 at 4:09 pm to
Both of those companies have some very impressive fins. Good God. Look at the 10-yr IS and BS for both.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/25/10 at 4:17 pm to
Amedysis is a hidden gym in BR.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/25/10 at 4:28 pm to
Only concern I have with AMED for the long-haul is this:



fizz's Reversion to the Mean theory comes to mind. I don't know enough about the company, or the potential benefits it would see from this healthcare legislation, to come up with a reasonable determination as to whether they'll be able to overcome what it appears analysts are expecting to be a decelerating 2011.
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