BOFL - Bank of South Florida - Extremely undervalued

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech
BOFL - Bank of South Florida - Extremely undervalued

An SI Board Since January 2010

Posts	SubjectMarks	Bans	Symbol
1	0	0	BOFL

Emcee: Bob B.	Type: Unmoderated

Introduction Market Data Compact

BOFL - Bank of South Florida

Currently about 0.80
Market Cap of about $10 mil
Book Value 7.80!!!

After looking at their last quarterly filing they are holding $75 million in cash and $100 million in securities. On their last quarterly report they wrote off all of there good will and made a forward looking write off of foreclosures - hence the large negative number. Since these are both one time charges, why is this stock so depressed? Does anyone have any info that could help?

I did take a small position just because I cannot pass up a company that liquidating would make me 10x what the current price is. Even yahoo has a 1 year price goal of 5.00 a share listed...

Go to reply# or date (mm/dd/yy):