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#1
03-08-2007, 09:28 PM
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Investment Question (important to me so please give opinion)
Guys, even though I quit betting on basketball I am still here daily posting picks and surfing around. Based on the investment threads some of you are making nice side money so I hope you can use your knowledge to assist me.
I have savings money in Third Federal bank. They are going public and I have the option to buy stocks for $10 per share. I have talked to relatives you made a boat on bank IPO's. I have contacts at other banks that I am going to call tomorrow. My initial thoughts on this are to go heavy...like $10,000. I have not researched yet so my thoughts could change. Any of you ever had this opportunity with local banks? 
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#2
03-08-2007, 10:28 PM
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ipos of credit unions are good ive heard
havnt capitalized myself on it, no opportunity too
__________________
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#3
03-08-2007, 10:42 PM
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Third Federal in Philadelphia area??
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#4
03-08-2007, 11:39 PM
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usually a good investment, just be prepared to have the money locked up for 3-5 yrs.
__________________
2012 Totals (Began tracking on 4/1) '12 NFL Leg Drops Record: Units: 5 Leg Drops: '12 MLB Leg Drops Record: 37-24 Units: +29 5 Leg Drops: 2-0 +10 NBA '12 Record: 9-5-1 Units: +11.9 5 Leg Drops: 1-0 +5 NHL '12 Record: 2-2 Units: -.7 5 Leg Drops: NCAA Hoops '12 Record: Units: 5 Leg Drops: 2012 Total Units: +40.2 2010 March Madness Tourney Champion!
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#5
03-08-2007, 11:51 PM
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3rd fed is in ohio and fla...didn't know they were in philly
jim, why 3-5 yrs?
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#6
03-08-2007, 11:57 PM
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3-5 because that is the minimum time that it usually takes to make significant returns either in gains or a buyout. buyout may even take longer, however they are worth waiting for as the stock of the smaller bank will normally skyrocket.
__________________
2012 Totals (Began tracking on 4/1) '12 NFL Leg Drops Record: Units: 5 Leg Drops: '12 MLB Leg Drops Record: 37-24 Units: +29 5 Leg Drops: 2-0 +10 NBA '12 Record: 9-5-1 Units: +11.9 5 Leg Drops: 1-0 +5 NHL '12 Record: 2-2 Units: -.7 5 Leg Drops: NCAA Hoops '12 Record: Units: 5 Leg Drops: 2012 Total Units: +40.2 2010 March Madness Tourney Champion!
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#7
03-09-2007, 06:50 AM
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a bank will have to truly f@#k up to not grow its share price over the long term Mane, so you should be ok. The only potential risk I see would be if Third Federal lagged behind the market, but even if that happens they could make some of that up with dividend payments. If that $10,000 is investment money you don't need to touch then go for it. If its cash you may need in the short term than think about investing less in it or just passing.
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#8
03-09-2007, 09:12 AM
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I don't know about banks but when Met Life went public a few years ago I was allowed to buy shares at $16
 so yes money is to be made in companies going public but due diligence is necessary.OldMan
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Heres to the YANKEES in 2007!!!!  
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#9
03-09-2007, 09:23 AM
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oooops I thought this was Fifth/Third Bank the popular bank in Florida. Never heard of Third Federal.
Federal Banks seem to have some leverage over non-federal banks. They also can bypass certain state level laws which coudl beat out the competition. I would research this
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“Things are as they are. Looking out into it the universe at night, we make no comparisons between right and wrong stars, nor between well and badly arranged constellations.” Alan Watts
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