Evading Shareholder Proposals, Non-SEC Filer Edition
Substack won't let me paste a photo of the chart but it looks like ESBS is about flat since the chart begins in May 2008 while the S&P has tripled.
Maybe a good short?
The value of ESBS is diminishing every single day the bank operates. It would have been a terrific short at any time from 2001-2009.
ESBS would be a decent short today IF the board continues to enable. If the board instead sells the bank it isn’t.
If Spencer Savings Bank or others want into Staten Island, ESBS is the only franchise available.
Substack won't let me paste a photo of the chart but it looks like ESBS is about flat since the chart begins in May 2008 while the S&P has tripled.
Maybe a good short?
The value of ESBS is diminishing every single day the bank operates. It would have been a terrific short at any time from 2001-2009.
ESBS would be a decent short today IF the board continues to enable. If the board instead sells the bank it isn’t.
If Spencer Savings Bank or others want into Staten Island, ESBS is the only franchise available.