Bank of Granite Corp (NASDAQ:GRAN)
The Company conducts its business through three business segments: Community Banking, provides loan & deposit products and other financial services; Mortgage Banking, originates, retains & sells mortgage and Other, activities at the holding company level.
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Since the fed's rate dropped, expect banks to do well, because they are not lowering the rate for their customers for borrowing.
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decent book value. mortgage losses already booked
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Solid Bank...solid ROE & ROA given the difficult interest rate environment. Moderate amount of leverage. Bank does business in a great up-and-coming region...North Carolina.
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Very well run bank - should be buying when the sector is out of favor, and the price is low.
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Conservatively run bank that Warren Buffett once called best-run in America. Been trading sideways for the past few years. Valuation could signal the beginning of a breakout.
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