Bank of Granite Corp (NASDAQ:GRAN)

CAPS Rating: No stars

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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Member Avatar Allya1 (64.66) Submitted: 3/18/2008 6:14:13 PM : Outperform Start Price: $10.20 GRAN Score: -95.08

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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Member Avatar jpauley (35.82) Submitted: 8/25/2007 9:54:51 PM : Outperform Start Price: $13.27 GRAN Score: -88.25

decent book value. mortgage losses already booked

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Member Avatar kleiv (53.71) Submitted: 8/8/2007 12:45:33 PM : Outperform Start Price: $13.09 GRAN Score: -87.36

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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Member Avatar hsmith1415 (< 20) Submitted: 5/15/2007 5:20:19 PM : Outperform Start Price: $14.45 GRAN Score: -87.28

Very well run bank - should be buying when the sector is out of favor, and the price is low.

Recs

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Member Avatar tatsumaki4ryu (< 20) Submitted: 8/19/2006 2:24:55 PM : Outperform Start Price: $19.98 GRAN Score: -104.42

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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