Its doing great. I own a bank stock. You can check their instrinsic value and decide for yourself. BNCC. Its not South Dakota "yet" with the oil boom. "certain" banks are good to own including bank of america, I think All those assets that had no value in prior years and getting re-evaulated and housing boom is there everywhere, isn't it? Any stocks you have? 

http://ih.advfn.com/p.php?pid=nmona&article=57492550

Anybody betting on China's banking going down?

Ok. good luck with your investments. Does anyone know about meetup.com? It's pretty cool to meet up with local value investors and jam up with investing ideas. Lots of fun. I've been lucky enough to make friends with few very nice people. The bank/housing idea is not mine but I got it from others. 

 while I agree that a company wouldn't give money away as dividend instead of investing, the way I look at it, banks make money by lending money. If a big bank comes around, they'll have competetive advantage over this bank by lending more money with less risk and probably also less interest to more investors. What will be of this bank then? call me a simpleton but I like to follow Warren Buffet's rule. Don't invest in something you don't understand.

I know nothing about banks either but I know the bank is printing money for its shareholders and think about Ocean City. What happens in winter and what happens in summer? There are big restaurants as well as small restaurants operating during summer and same thing with banks. There is bank of america, sun trust  and other banks that all get to enjoy the benefit of customers depositing the money. But here for this bank, there's no winter for the foreseable future. All they can do is grow. And since they're local, they can be the ones to get the greatest value on the way they do the business. Even though big banks come in, it won't be like they'll rightfully dominate. Nobody is competing here. Everyone's grabbing as many business as possible and they're all over loaded. Just saying. By the way, Warren Buffett also says that if you don't know how to identify a jewel, be friend with a jeweller. So, to me the jewller here is the economic environment that the bank sits right in the middle of oil and the boom state. If the bank was in Hetauda and suddenly they found that hetauda is filled with gold everywhere..do you think that banks from kathmandu would kick them out? How would  they do so?Has that happened in Kathmandu for the same reason? The land and home equity value boom in Kathmandu..did big banks "eat" small banks? Or more banks opened to support the growing demand of land and home traders? I don't know what else to not understand here with this bank. But I respect your pass. We see things differently.

 what if they get bought?

 what if they get bought? Why would they sell themselves? Would you sell your hetauda bank in the middle of counting the number of golds that you've just found and you see plenty more? Wouldn't you ask the buyer to "wait" until you're done counting? By the way, I'm not here to sell this stock. More interested in exchanging ideas and learn something and move on with life. But yes, I'm stuck with the Oil boom phobia. I might just go for a week long drive of mid west just to gather more ideas. Also you mention you follow Warren Buffett, can you tell me the reason why buffett bought Burlington Santa Fe (railway) and what about those remote newspapers? Any thoughts on that? Do you analyse why he buys what he buys? Thanks.

 Why wouldn't they? for the right amount and oppertunity, they probably will.

"Why wouldn't they? for the right amount and oppertunity, they probably will. "

And what would that mean for the current shareholders? Value unlocked? How much would that be?More or less? If less give me the reason why? I gave you the reasons why it will only go up.

Okay no bank prints money, it's the US treasury that can print money.. Second if the bank were to find lot of gold, it won't be just wise to think the bank would do good.. What about the risk in mining, the cost for compliance, the right way to get it to customers..how profitable will that be ??
And Berkshire Hathaway holdings just bought those dead old newspaper to save the industry......not to make money ...but eventually they will go up ... And once people know what warren bought they will jump in ... Btw warren buffet owns a lot of shares in New York Times and gannet inc (newspapers).

And don't buy small banks, they are ticking time bomb...

If you wanna buy long term buy Telsa(wait couple of days before it gets down) and Bristol Myers Squibb..

 I'm for Tesla.

 unless there is another competetor as it is a rising market.

 Tesla is good. Can't bet agianst Elon Musk. Bank is not printing like Fed is printing. They're making money for shareholders which to me menas printing money for shareholders and whatever it may mean to others. And WB has no interest in saving newspaper industry. He's gonna get all the "advertisment" revenue that "oil companies" will have to spend to put "public notice" to do whatever different ways they have to advertise because of legal reason. So he bought those lucrative newspapers at a bargain price and now those newspapers will provide him with free "government ordered advertisments", . If you need a new business registered, where do you go? You advertize in local newspapers. Those are free money that he's collecting. Have you paid attention to how many drilling applications are being filled each day in the midwest? Have you read the 2013 shareholder report of BRKK? If you haven't, I can send you one. Why did he own Burlington Santa Fe. And have you paid attention to where all the money is coming for Burlington Santafe? Oil transportation. The more time it takes to get Keystone projected signed off, the better it is for BRKK. He'll have monopoly in the oil transporation industry with no worry about the job being outsourced. They're just starting to build 30 stations in the mid west to collect more oil transporation money. 

Anything can fail like you're being negative about this bank.Why does the bank has to worry about all the enviornmental effects, the cost of minning etc etc as you say? Bank will give the money to projects but at the same time it will also have a secured "lein" on assets. What assets the oil companies can put as lein? I don't know but perhaps the land itself that the oil company owns or whatever other assets that look valuable to the bank? So what is the risk here? If the oil project gets busted, bank will own the land and that is only good for shareholders. And I'm not gonna hold this share forever. I'll keep it until it has appropriate value to hold. Can you give me similar thesis for holding Tesla? I like Tesla but they're racing against oil prices. Also they get a lot of tax credit because of what they're doing in the energy sector. Tesla may be a luxury to own after 5 years unless they can come up with a charging stations everywhere in the country that can recharge the car within minutes...I'm skeptic about owning Tesla. Only thing I trust about the company is Elon Musk but I'd rather buy Solar City which is more robust business and fundamentally strong. Tesla has the support to survive with the help of Solar City and Space X support but not independently on its own. You need car charging stations like gas stations to really get the market share. My opinion. And they're against both oil companies and traditional car companies. They don't have any fundamentally strong distribution network. What if the car breaks? Where do you go buy spare parts? At Autozone? What if you're in a long ride? How GPS restricted you become? You can't get lost, otherwise you'll be stuck with no help because you can't get to the nearest charging station. Have you thought all about these risks? Understand they beat the earning expectation but where do you see Tesla in 10 years from now? Do you see electric car charging stations in every gas stations? 

Wow that's a lot of useless information... Do you know how much advertising revenue on print was lost? And users have to subscribe to paper where is the cost to that
It's online ... That's the future ....

And what is this Telsa betting against oil, just because its a car and doesn't need oil means its against oil industry.....your stupid logic ... It makes car .... Simple .... It's not eying against copper industry, paint industry .... It's a C A R ....
And if want to register a company, you go to Secretary of State..... And heck no they need to advertise? Who will oil companies advertise for?
And remember BP?
And no I don't need your report.........

You have no idea what you're talking about...... You're head is way over your areas...
And no you're not WB ... Anyone can google the shit you do and post here...

 My sole reason for Tesla is that it is something new, doesn't have many competetors, energy efficient, electric car and I know Obama administration is pushing for renewable energy. That being said, I don't think it will enjoy this exclusivity for next 10 years. I'll probably ride the wave while it lasts and sell it when I see the first sign of it dying. 

 All the bad words you can keep for yourself. So we disagree. Tesla (as an electric car) is against oil industry because for oil industry, every electrically charged car is one missed customer. Your larger than big and smart brain does not get these small things. Chill out.  Keep your head where it spins and don't bother about mine.

Wow that's a lot of useless information... Do you know how much advertising revenue on print was lost? And users have to subscribe to paper where is the cost to that 
It's online ... That's the future .... 

And what is this Telsa betting against oil, just because its a car and doesn't need oil means its against oil industry.....your stupid logic ... It makes car .... Simple .... It's not eying against copper industry, paint industry .... It's a C A R ....
And if want to register a company, you go to Secretary of State..... And heck no they need to advertise? Who will oil companies advertise for? 
And remember BP? 
And no I don't need your report......... 

You have no idea what you're talking about...... You're head is way over your areas...
And no you're not WB ... Anyone can google the shit you do and post here...

So as per your HArvard logic , every Telsa is missed customer for Toyota, Honda, and all the auto industry?? Is that right??
So people use electrical bulbs and not use kerosene, so is the bulb company against oil industry.,.
And newspaper are using less and less oil and using efficient source of energy.. So the newspaper industry against oil industry ....
Wow you should get a Nobel prize for economics...

 Out of FNMA.

 .29 to 2.89

 musical chair.