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Member Avatar MstrGold (30.13) Submitted: 7/17/2010 4:00:33 AM : Outperform Start Price: $1.04 BCBHF Score: -186.12

"As to diseases make a habit of two things - to help, or at least, to do no harm."
- Hippocrates

Bank in Belize
cheap on fundamental prospects
accused of monopolistic practices

Here we have our typical capitalist swine! :-)

credit to Megalong


Member Avatar megalong (< 20) Submitted: 3/4/2010 9:31:44 PM : Outperform Start Price: $1.85 BCBHF Score: -177.52

BCB Holdings Limited is a Belizean bank which also serves Turks and Caicos and international customers. BCBH's subsidiaries include The Belize Bank, British Caribbean Bank, British Caribbean Bank International and Numar, a Costa Rican palm oil company.

It is not very easy to find information on this stock - for example FT.com which is my first source for pink sheet issues does not have the financial information. Their website seems to be the best source: http://www.bcbholdings.com/

The company is current on their financial reports, with the most recent filed February 26, 2010. Earnings were $15M over the last quarters and $43M over the last 3 quarters, so earnings for the full year may be around $57M. The market cap is $170M, so unless my math is wrong, that is a current PE around 3! However, earnings declined from the year ago period when they were $52M for the first three quarters, which management attributed to a poor economy in Belize and Turks and Caicos. Nevertheless, at the current multi-year lows this appears to be a great buying opportunity.

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