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$7.24 0.03 (0.42%)
5/16/2008 4:00 PM

TierOne Corp (TONE)

CAPS Rating:
***

A holding company for TierOne Bank, a regional community bank offering a variety of financial products and services to meet the needs of the customers.

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6

Avatar QCGIP (< 20) Submitted: 11/28/07 1:51 PM : Outperform Start Price: $20.03 TONE Score: -61.21

Paired trade - merger arbitrage with CSE. CSE to acquire TONE @ $6.80 and 1.08 shares of CSE. Compelling spread return.

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Avatar madgolfer1 (90.78) Submitted: 1/17/08 10:49 AM

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I like this suituation -- CSE has it's risk kept at minimum with low subprime exposure and good portfolio of other loans going forward -- I would buy TONE when there is more news on the reg decision

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Avatar kwhite312002 (< 20) Submitted: 1/23/08 4:34 AM

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What do you think will happen to TONE if the buyout does not happen? The only problem I have with this one right now, is while although it looks like a great deal with the buyout, it might be a bit pricey (per the sector) if the buyout does not happen. So is it worth the gamble in case the buy out doesn't occur? What do you think it is worth if it doesn't?

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