Comments on: Financials Becoming “Interest”ing http://guzzothecontrarian.com/2007/11/26/financials-becoming-interesting/ One Man's Quest to Conquer the Markets Fri, 21 Nov 2008 19:59:28 +0000 http://wordpress.org/?v=2.6 By: Mike http://guzzothecontrarian.com/2007/11/26/financials-becoming-interesting/#comment-2 Mike Sat, 09 Feb 2008 06:14:49 +0000 http://rationalspeculation.com/2007/11/26/financials-becoming-interesting/#comment-2 Record earnings reported at Uwharrie. According to their <a href="http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5698357&Type=HTML" rel="nofollow">recent 8K</a>: <blockquote> ALBEMARLE, N.C. – Today Uwharrie Capital Corp, parent company for Bank of Stanly, Anson Bank & Trust and Cabarrus Bank & Trust, reported unaudited net income for the year ended 2007 of $2.959 million or $.40 per share compared to $2.071 million or $.28 per share, during the 2006 period, resulting in an increase of $888 thousand or $0.12 per share. The 42.9% increase in net income for 2007 was primarily attributable to good growth in core deposits and asset quality improvement. </blockquote> Excellent results for a stock trading at less than $5.00 per share. Record earnings reported at Uwharrie. According to their recent 8K:

ALBEMARLE, N.C. – Today Uwharrie Capital Corp, parent company for Bank of Stanly, Anson Bank & Trust and Cabarrus Bank & Trust, reported unaudited net income for the year ended 2007 of $2.959 million or $.40 per share compared to $2.071 million or $.28 per share, during the 2006 period, resulting in an increase of $888 thousand or $0.12 per share. The 42.9% increase in net income for 2007 was primarily attributable to good growth in core deposits and asset quality improvement.

Excellent results for a stock trading at less than $5.00 per share.

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