We added more to our position in Merchant’s Bank (MBVT) today as the price dipped below our buy price of $26.85. Merchant’s Bank is our largest holding by far as we find the price attractive, especially at $26.85/share, which put the PE around 10 and the dividend yield at 4.17%. As stated in the past, […]
As I predicted the price of Merchant’s Bank (MBVT) has recovered from the unreasonable drop last week. Since I bought the additional shares last week with the whole intention of selling once the share price recovered to sold those shares today for a quick 7.49% gain. Again, I am still keeping the bulk of my […]
Banking stocks are down a bit today, including Merchant’s Bank (MBVT), as a result of a Massachusetts court decision against Bank of America (BAC) which voided a couple foreclosure sales the bank made, which violated Massachussetts law. Banks such as Bank of America were buying and reselling packaged mortgage-backed securities, and because the mortgages got […]
I added more to my position in Merchant’s Bank (MBVT) today. My opinions on this company have not changed.
I added more to my position in Merchant’s Bank (MBVT) today. My opinions on this company have not changed.
