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Community Financial System Inc T.CBU.PR.A


Primary Symbol: CBU

Community Financial System, Inc., formerly Community Bank System, Inc., is a diversified financial services company. The Company is focused on four main business lines, such as banking, employee benefit services, insurance services and wealth management. The Company’s banking subsidiary, Community Bank, N.A., operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Company’s OneGroup NY, Inc. subsidiary is a United States insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Wealth Management operating unit.


NYSE:CBU - Post by User

Post by oilinvstron May 31, 2005 11:23am
223 Views
Post# 9097798

Risky

RiskyThese guys talk a great story, but you've got to wonder how successful they'll be. Their cost are out of sight. $14.00/boe operating costs;$5.50 G&A; a huge $32/boe depletion/depreciation. As well, their debt is a whopping 2.3 times Q1 cash flow. The corporate presentation complains they are undervalued compared to the NAV. However, their stock is already trading at a lofty 5.7 times q1 cash flow. Even if they do increase production 20% over the year, they need to get their costs under control before investors will pay much more than the $2.00 current price.
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