EQB Inc T.EQB

RE:RE:Where's the love?

[Northforce13]

From Nov of last year:

book value has gone from 40 to 71.70 during that time...  market still not recognizing EQB

Sold out today at 120.50ish.  Market finally recognizes the value of EQB.  Had a cost base of 50.50ish from a bit over a year ago.  

I'd told Dr. Silbergleit that I'd make enough money off of Home Cap and EQB to buy a ferrarri if I wanted to.  Well, Dr. Silb, if you still read these boards, my total net is 432 485 gain.  This was my biggest stock market gain so far.

I guess things worked out how I had expected/hoped and not and not how you had thought.  

Fond farewell to this chapter in my stock market investing history, and a cheers A+ rub a dub dub to all the fellow longs who hung in there and are there today to have seen the massive run up and particpated in the gains.

To the longs, IMO EQB could keep pushing higher, as 1)  dividend growth zombies pile in due to their dividend policy, 2)  It remains underowned due to the couple years of problems  3)  It has been added to a major index   4)  Shorts still have a lot of shares to cover.  5) ROE of > 15%  6)  Still a bit undervalued relative to peer group.   

I am out because I am a value investor, very price to book oriented first, price to earnings second (Walter Schloss style somewhat).

GLTA!