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The United States Air Force facility commonly known as Area 51 is a remote detachment of Edwards Air Force Base, within the Nevada Test and Training Range. According to the Central Intelligence Agency (CIA), the correct names for the facility are Homey Airport (ICAO: KXTA) and Groom Lake, though the name Area 51 was used in a CIA document from the Vietnam War. Other names used for the facility include Dreamland, and nicknames Paradise Ranch, Home Base and Watertown. The Special use airspace around the field is referred to as a Restricted Area 4808 North (R-4808N).
The base's current primary purpose is publicly unknown; however, based on historical evidence, it most likely supports development and testing of experimental aircraft and weapons systems.The intense secrecy surrounding the base has made it the frequent subject of conspiracy theories and a central component to unidentified flying object (UFO) folklore. Although the base has never been declared a secret base, all research and occurrings in Area 51 are Top Secret/Sensitive Compartmented Information (TS/SCI). In July 2013, following a FOIA request filed in 2005, the CIA publicly acknowledged the existence of the base for the first time, declassifying documents detailing the history and purpose of Area 51.
There’s nothing very interesting about that number 51. What’s much more interesting is that today I sold another winning stock, which means I now have 51 consecutive profitable trades of 15% or better. Yep that’s right, today I sold ANCX at 18.31. That’s a 15% gain over my purchase price of $15.86. Now this may be only a 15% gain on appreciation, but while I held the stock, I picked up another $1.98 in dividends, so in actuality, it’s an all in 28% gain. All this with a stock which trades at a PE of 14. I’ll take it.
So…how do you like me now? Did you buy any ANCX? Do you have 51 consecutive profitable trades of 15% or better?
I am HUGE!! Bring me your finest meats and cheeses. Picking stocks is like candy from babies. Do you want me to pick another winner?
Then you need to tell your friends about this website. If new people don’t join the website, that means you didn’t tell anyone. Like Bill Belichick says….”Do your job.”
I am HUGE!!!
$$$MR. MARKET$$$
================================================== ==========================
2-18-2013, 05:13 PM #1 mrmarket's Avatar mrmarket mrmarket is online now
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Default ANCX ==> The Finding Nemo Winner
Sometimes when I have to pick a stock I draw a blank
So then I run my computer and engage in a think tank
I go for a ride in my car and it goes clank
I think about last night and all the beers I drank
My son Trevor is studying for a chemistry test and he’s such a crank
Maybe for dinner I will have beans and frank
I can see it now, this stock pick I will not shank
For there is no better time at all to buy stock in a bank
That’s right bee-atches. All over the country, these small banks are STEALING…yes they are STEALING money from their deposit holders. Did you ever see how much money you are getting in your savings account? In your CD?? It is squat. You are giving your bank money and they are lending it out at 10% Your bank is a money MACHINE!
On Friday, I bought stock in Access National Corporation (ANCX) at $15.86. I will sell it in 4 – 6 weeks at 18.31. Here’s why I like ANCX:
This is a sweeeeeet looking chart. Here’s a stock which is up 52% in the last 52 weeks. That’s 1 percent a week. What’s so good about that? It’s trailing PE is only 9.23 and that means it has a lot more room to run, particularly in this macroeconomic environment. Oh, by the way, it pays a dividend.
The fundamental outlook for the regional banks sub-industry for the next 12 months is positive, despite the many challenges facing the industry. Fourth quarter results benefited from home refinancings, gains on sales of loans and securities, and reserve releases. Fourth quarter profits for regional banks increased 90% from a year ago. Quarterly profits for the group rose up 60%. For the group, net revenues increased 8.6% from a year ago, driven by a nearly 20% increase in noninterest income (40% of revenues), aided by a 2.2% increase in net interest income (60% of revenues). Net interest income was helped by faster loan growth. Loans increased 1.9% from the third quarter, up from the 1.5% average sequential growth rates seen in the previous several quarters.
Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, and mortgage services to middle market commercial businesses, professionals, and associated individuals primarily in the northern Virginia region and the Greater Washington, D.C. metropolitan area. The company’s deposit products include checking accounts, savings accounts, money market accounts, sweep accounts, and certificates of deposit; and loan products comprise commercial real estate loans, residential mortgage loans, commercial loans, commercial and residential real estate construction loans, home equity loans, and consumer loans. It also offers various cash management services, including online banking, overnight investments, business debit cards, lockbox payment processing, payroll services, and employer sponsored retirement plans; and investment management, financial planning, and retirement account services. In addition, the company, through its subsidiary, Access National Capital Trust II, is involved in issuing redeemable trust preferred securities. It operates from five banking centers located in Chantilly, Tyson’s Corner, Reston, Leesburg, and Manassas, Virginia. Access National Corporation was founded in 1999 and is headquartered in Reston, Virginia.
Access National has a current 1.95% dividend yield. ANCX has a five-year annual dividend growth rate of 43%. In the company’s 12 year history, it has booked 50 consecutive quarters of profit. This company does not, cannot, lose money. The Board of Directors has been declaring bigger and bigger cash dividends because they are as confident as I am in this company.
One of the things that intrigued me about ANCX is that it passed the Graham Number test. The Graham number is based off of a stock's EPS and book value per share (BVPS). Graham Number = SQRT(22.5 x TTM EPS x MRQ BVPS). Stocks trading well below their Graham Number may be undervalued.
Diluted TTM earnings per share at 1.71, and a MRQ book value per share value at 8.85, implies a Graham Number fair value = sqrt(22.5*1.71*8.85) = $18.45. Based on the stock's price at $15.86, this implies a potential upside of 16.3% from current levels. This is EXACTLY what I am targeting with this investment. In addition to this earnings surprise history, the company has a long-term expected earnings growth rate of 8%. That’s really good for a stock with a PE under 10.
Moreover, the company updated its dividend payout ratio target. The company now targets a dividend payout of 40% of its core earnings, exclusive of the most recent “taxpayer special” dividend. The earlier payout ratio was 20% of the core earnings.
For 2013, the Consensus ANAL-ysts estimate improved 6.0% to $1.23 with the same number of estimates revising upward over the same time frame. Along with an attractive P/B multiple, Access National Corp has a forward P/E ratio of 8.9 (a P/E ratio under 15.0 and P/B ratio below 3.0 generally indicate value).
In the most recent quarter, ANCX reported a 90.9% jump in quarterly earnings mainly attributable to activity in its mortgage division. Earnings exceeded Street's expectations, and the company lifted quarterly dividend. Earnings for the fourth quarter were $6.3 million or $0.60 per share, up from $3.3 million or $0.32 per share last year. Net interest income for the latest quarter was $7.97 million, while total non-interest income was $16.24 million. ANAL-ysts, had expected a profit of $0.37 per share on revenue of $7.98 million for the fourth quarter. What a ridiculous miss. They projected 37 cents and it made 60 cents?? They actually pay these guys to make these projections??
Annualized return on average assets was 2.97% for the fourth quarter, up from 1.61% last year. Annualized return on average equity grew to 26.80% from 15.87%. Total assets rose to $863.9 million from $809.8 million at December 31, 2011, mainly attributable to a 8% growth in net loans held for investment as well as a 17% growth in loans held for sale. The growth in loans held for investment was driven by a 13.3% growth in commercial and industrial loans to the bank's target market. Total deposits at December 31, 2012 increased $26.5 million from last year. Non-interest-bearing deposits increased 44.1% as a result of management's continued focus on expanding business banking relationships. Non-performing assets (NPAs) fell to $2.7 million or 0.32% of total assets at December 31, 2012 from $3.6 million or 0.43% of assets at September 30, 2012. The company's board of directors declared a cash dividend of $0.09 per share for holders of record as of February 11 and payable on February 25, based on record earnings, strong capital and favorable outlook. This dividend represents a 1 cent increase from the prior quarter.
I mean what can you say about these numbers. This was the 7th consecutive quarter of record profit. They are absolutely KILLING it! And now you have to ask, what’s going to be different about the next 6 quarters? Your answer is – ABSOLUTELY NOTHING!
Why is this bank so good, take a look at these reasons:
• Business bank 13 years - $864MM assets - focused plan
• Stable, committed & trustworthy leadership
• Best banking market in the country
• Exceptional financial performance record
• Fee income strategy consistently delivers
• Responsible stewards of capital (your money)
• Safely positioned for future growth
• Their Mission is to provide progressive and superior financial solutions to the communities they serve.
• All of their endeavors must enrich the interests of our clients, shareholders and associates.
• They are “The CEO’s Best Friend” which provides: Capital – Debt and/or Equity, A Trusted Advisor, Personalized Service, Private Banking (Wealth Management, Mortgage Banking), Cash Flow / Funds Management, Risk Management, Access to Financial Information, Employee Benefits, Community Involvement and Awareness
Access National has:
• A Core energetic leadership team since 1990
• Among the most experienced management in their market
• Significant insider banking relationships
• Board and Executive Officers are aligned (Majority of insiders purchase stock regularly and Executive Officers & Directors own 29% of common stock because employment contracts contain ownership covenants). 80% of their employees are shareholders
• 5 strategically located offices rich in demographics: Reston, Vienna, Chantilly,Leesburg & Manassas, VA
• Their home market is the second most affluent in the nation. The Fairfax County median household income in 2011 was $103,169
• The demographics are growing: Metro DC MSA population outlook 2011-2016 +5.62% vs. 3.42% nationwide. The Virginia unemployment rate is 5.6%.
The area they serve is simply the Best Banking Market in U.S. Why?
• Washington DC MSA leads the nation:
o Household income ($83,080 median, 165% of US rate)
o Job growth over the last decade
o Highly educated workforce
o IT/professional services workforce
o Federal spending & employment
o Lowest unemployment rate of major MSAs
o Wealthiest households in the country
o Virginia – consistently ranks high in the CNBC / Forbes “Best State for Business” report
ANCX has Strategic Financial Targets of:
• ROE 12%+
• ROA 1.20%+
• 15% Basic Earnings Growth
• Equity/Asset Ratio 8.0%+
The focus is on quality loans with liquid and reliable markets. Skilled management focuses on profit and risk management. The mortgage segment has reported operating profits in every quarter for 13 years, including during the “Great Recession”.
How do they do this? They are responsible bankers, that’s how:
Quality and profitability take precedence over growth. They favor quality relationships over “deal flow” – their loan & deposit composition and margin improvement reflects emphasis.
The Mega banks are becoming “have nots” in their performance and reputation with ANCX’s target market. ANCX is well positioned to benefit from consolidation.
So the ANAL-ysts are still projecting that ANCX will earn $1.44 in 2013. What are they stoned? This is the ANAL-yst estimate despite the fact that ANCX earned $0.60 in the last quarter alone. WTF? Why are they saying this??
Why do I think their estimates are low?
• ANCX total assets up 6.7% Year over Year.
• ANCX total loans held for investment up 8.4% Year over Year.
• ANCX Total Deposits up 4.1% Year over Year
• ANCX Mortgage Originations up 35.9% Year over year
• ANCX Net Income up 55.6% Year over Year
• ANCX Return on Average assets up 43.3% year over year
Quite frankly, this company is going great guns. $$$MR. MARKET$$$ projects 2013 earnings will be $2.18 per share. If you take the existing PE of 9.23 and multiply it by $2.18 per share, you get a stock price of $20.12 per share which is well past my target.
Yessiree Bob….$$$MR. MARKET$$$ is BANKING on a big pay day!
I am HUGE!!!
www.mrmarketishuge.com
Last edited by mrmarket; 03-16-2013 at 05:05 PM.
=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
The base's current primary purpose is publicly unknown; however, based on historical evidence, it most likely supports development and testing of experimental aircraft and weapons systems.The intense secrecy surrounding the base has made it the frequent subject of conspiracy theories and a central component to unidentified flying object (UFO) folklore. Although the base has never been declared a secret base, all research and occurrings in Area 51 are Top Secret/Sensitive Compartmented Information (TS/SCI). In July 2013, following a FOIA request filed in 2005, the CIA publicly acknowledged the existence of the base for the first time, declassifying documents detailing the history and purpose of Area 51.
There’s nothing very interesting about that number 51. What’s much more interesting is that today I sold another winning stock, which means I now have 51 consecutive profitable trades of 15% or better. Yep that’s right, today I sold ANCX at 18.31. That’s a 15% gain over my purchase price of $15.86. Now this may be only a 15% gain on appreciation, but while I held the stock, I picked up another $1.98 in dividends, so in actuality, it’s an all in 28% gain. All this with a stock which trades at a PE of 14. I’ll take it.
So…how do you like me now? Did you buy any ANCX? Do you have 51 consecutive profitable trades of 15% or better?
I am HUGE!! Bring me your finest meats and cheeses. Picking stocks is like candy from babies. Do you want me to pick another winner?
Then you need to tell your friends about this website. If new people don’t join the website, that means you didn’t tell anyone. Like Bill Belichick says….”Do your job.”
I am HUGE!!!
$$$MR. MARKET$$$
================================================== ==========================
2-18-2013, 05:13 PM #1 mrmarket's Avatar mrmarket mrmarket is online now
Administrator
Send a message via AIM to mrmarket Send a message via Yahoo to mrmarket
Join Date
Sep 2003
Posts
5,040
Default ANCX ==> The Finding Nemo Winner
Sometimes when I have to pick a stock I draw a blank
So then I run my computer and engage in a think tank
I go for a ride in my car and it goes clank
I think about last night and all the beers I drank
My son Trevor is studying for a chemistry test and he’s such a crank
Maybe for dinner I will have beans and frank
I can see it now, this stock pick I will not shank
For there is no better time at all to buy stock in a bank
That’s right bee-atches. All over the country, these small banks are STEALING…yes they are STEALING money from their deposit holders. Did you ever see how much money you are getting in your savings account? In your CD?? It is squat. You are giving your bank money and they are lending it out at 10% Your bank is a money MACHINE!
On Friday, I bought stock in Access National Corporation (ANCX) at $15.86. I will sell it in 4 – 6 weeks at 18.31. Here’s why I like ANCX:
This is a sweeeeeet looking chart. Here’s a stock which is up 52% in the last 52 weeks. That’s 1 percent a week. What’s so good about that? It’s trailing PE is only 9.23 and that means it has a lot more room to run, particularly in this macroeconomic environment. Oh, by the way, it pays a dividend.
The fundamental outlook for the regional banks sub-industry for the next 12 months is positive, despite the many challenges facing the industry. Fourth quarter results benefited from home refinancings, gains on sales of loans and securities, and reserve releases. Fourth quarter profits for regional banks increased 90% from a year ago. Quarterly profits for the group rose up 60%. For the group, net revenues increased 8.6% from a year ago, driven by a nearly 20% increase in noninterest income (40% of revenues), aided by a 2.2% increase in net interest income (60% of revenues). Net interest income was helped by faster loan growth. Loans increased 1.9% from the third quarter, up from the 1.5% average sequential growth rates seen in the previous several quarters.
Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, and mortgage services to middle market commercial businesses, professionals, and associated individuals primarily in the northern Virginia region and the Greater Washington, D.C. metropolitan area. The company’s deposit products include checking accounts, savings accounts, money market accounts, sweep accounts, and certificates of deposit; and loan products comprise commercial real estate loans, residential mortgage loans, commercial loans, commercial and residential real estate construction loans, home equity loans, and consumer loans. It also offers various cash management services, including online banking, overnight investments, business debit cards, lockbox payment processing, payroll services, and employer sponsored retirement plans; and investment management, financial planning, and retirement account services. In addition, the company, through its subsidiary, Access National Capital Trust II, is involved in issuing redeemable trust preferred securities. It operates from five banking centers located in Chantilly, Tyson’s Corner, Reston, Leesburg, and Manassas, Virginia. Access National Corporation was founded in 1999 and is headquartered in Reston, Virginia.
Access National has a current 1.95% dividend yield. ANCX has a five-year annual dividend growth rate of 43%. In the company’s 12 year history, it has booked 50 consecutive quarters of profit. This company does not, cannot, lose money. The Board of Directors has been declaring bigger and bigger cash dividends because they are as confident as I am in this company.
One of the things that intrigued me about ANCX is that it passed the Graham Number test. The Graham number is based off of a stock's EPS and book value per share (BVPS). Graham Number = SQRT(22.5 x TTM EPS x MRQ BVPS). Stocks trading well below their Graham Number may be undervalued.
Diluted TTM earnings per share at 1.71, and a MRQ book value per share value at 8.85, implies a Graham Number fair value = sqrt(22.5*1.71*8.85) = $18.45. Based on the stock's price at $15.86, this implies a potential upside of 16.3% from current levels. This is EXACTLY what I am targeting with this investment. In addition to this earnings surprise history, the company has a long-term expected earnings growth rate of 8%. That’s really good for a stock with a PE under 10.
Moreover, the company updated its dividend payout ratio target. The company now targets a dividend payout of 40% of its core earnings, exclusive of the most recent “taxpayer special” dividend. The earlier payout ratio was 20% of the core earnings.
For 2013, the Consensus ANAL-ysts estimate improved 6.0% to $1.23 with the same number of estimates revising upward over the same time frame. Along with an attractive P/B multiple, Access National Corp has a forward P/E ratio of 8.9 (a P/E ratio under 15.0 and P/B ratio below 3.0 generally indicate value).
In the most recent quarter, ANCX reported a 90.9% jump in quarterly earnings mainly attributable to activity in its mortgage division. Earnings exceeded Street's expectations, and the company lifted quarterly dividend. Earnings for the fourth quarter were $6.3 million or $0.60 per share, up from $3.3 million or $0.32 per share last year. Net interest income for the latest quarter was $7.97 million, while total non-interest income was $16.24 million. ANAL-ysts, had expected a profit of $0.37 per share on revenue of $7.98 million for the fourth quarter. What a ridiculous miss. They projected 37 cents and it made 60 cents?? They actually pay these guys to make these projections??
Annualized return on average assets was 2.97% for the fourth quarter, up from 1.61% last year. Annualized return on average equity grew to 26.80% from 15.87%. Total assets rose to $863.9 million from $809.8 million at December 31, 2011, mainly attributable to a 8% growth in net loans held for investment as well as a 17% growth in loans held for sale. The growth in loans held for investment was driven by a 13.3% growth in commercial and industrial loans to the bank's target market. Total deposits at December 31, 2012 increased $26.5 million from last year. Non-interest-bearing deposits increased 44.1% as a result of management's continued focus on expanding business banking relationships. Non-performing assets (NPAs) fell to $2.7 million or 0.32% of total assets at December 31, 2012 from $3.6 million or 0.43% of assets at September 30, 2012. The company's board of directors declared a cash dividend of $0.09 per share for holders of record as of February 11 and payable on February 25, based on record earnings, strong capital and favorable outlook. This dividend represents a 1 cent increase from the prior quarter.
I mean what can you say about these numbers. This was the 7th consecutive quarter of record profit. They are absolutely KILLING it! And now you have to ask, what’s going to be different about the next 6 quarters? Your answer is – ABSOLUTELY NOTHING!
Why is this bank so good, take a look at these reasons:
• Business bank 13 years - $864MM assets - focused plan
• Stable, committed & trustworthy leadership
• Best banking market in the country
• Exceptional financial performance record
• Fee income strategy consistently delivers
• Responsible stewards of capital (your money)
• Safely positioned for future growth
• Their Mission is to provide progressive and superior financial solutions to the communities they serve.
• All of their endeavors must enrich the interests of our clients, shareholders and associates.
• They are “The CEO’s Best Friend” which provides: Capital – Debt and/or Equity, A Trusted Advisor, Personalized Service, Private Banking (Wealth Management, Mortgage Banking), Cash Flow / Funds Management, Risk Management, Access to Financial Information, Employee Benefits, Community Involvement and Awareness
Access National has:
• A Core energetic leadership team since 1990
• Among the most experienced management in their market
• Significant insider banking relationships
• Board and Executive Officers are aligned (Majority of insiders purchase stock regularly and Executive Officers & Directors own 29% of common stock because employment contracts contain ownership covenants). 80% of their employees are shareholders
• 5 strategically located offices rich in demographics: Reston, Vienna, Chantilly,Leesburg & Manassas, VA
• Their home market is the second most affluent in the nation. The Fairfax County median household income in 2011 was $103,169
• The demographics are growing: Metro DC MSA population outlook 2011-2016 +5.62% vs. 3.42% nationwide. The Virginia unemployment rate is 5.6%.
The area they serve is simply the Best Banking Market in U.S. Why?
• Washington DC MSA leads the nation:
o Household income ($83,080 median, 165% of US rate)
o Job growth over the last decade
o Highly educated workforce
o IT/professional services workforce
o Federal spending & employment
o Lowest unemployment rate of major MSAs
o Wealthiest households in the country
o Virginia – consistently ranks high in the CNBC / Forbes “Best State for Business” report
ANCX has Strategic Financial Targets of:
• ROE 12%+
• ROA 1.20%+
• 15% Basic Earnings Growth
• Equity/Asset Ratio 8.0%+
The focus is on quality loans with liquid and reliable markets. Skilled management focuses on profit and risk management. The mortgage segment has reported operating profits in every quarter for 13 years, including during the “Great Recession”.
How do they do this? They are responsible bankers, that’s how:
Quality and profitability take precedence over growth. They favor quality relationships over “deal flow” – their loan & deposit composition and margin improvement reflects emphasis.
The Mega banks are becoming “have nots” in their performance and reputation with ANCX’s target market. ANCX is well positioned to benefit from consolidation.
So the ANAL-ysts are still projecting that ANCX will earn $1.44 in 2013. What are they stoned? This is the ANAL-yst estimate despite the fact that ANCX earned $0.60 in the last quarter alone. WTF? Why are they saying this??
Why do I think their estimates are low?
• ANCX total assets up 6.7% Year over Year.
• ANCX total loans held for investment up 8.4% Year over Year.
• ANCX Total Deposits up 4.1% Year over Year
• ANCX Mortgage Originations up 35.9% Year over year
• ANCX Net Income up 55.6% Year over Year
• ANCX Return on Average assets up 43.3% year over year
Quite frankly, this company is going great guns. $$$MR. MARKET$$$ projects 2013 earnings will be $2.18 per share. If you take the existing PE of 9.23 and multiply it by $2.18 per share, you get a stock price of $20.12 per share which is well past my target.
Yessiree Bob….$$$MR. MARKET$$$ is BANKING on a big pay day!
I am HUGE!!!
www.mrmarketishuge.com
Last edited by mrmarket; 03-16-2013 at 05:05 PM.
=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
Comment