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Comment for Berkshire Bancorp, News, Research and Articles --GuruFocus.com

January 16, 2013 | About:

BERK should be re-evaluated. This Bank is way overcapitalized with cash not being put to efective use. Old managers being paid to sit and do nothing. But, principal owner just sits without action at the expense of shareholders. Mr Marks should sell the company to maximize its value to shareholders.

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Comments

stuzorino
Stuzorino - 1 year ago
Situation worse. marks now paying dentist/relative to handle finances. He is more than willing to

buy shares from investors disgusted and tired of holding. He knows bank is worth more than $10-11 per share. Probably believes it is worth $15-18. He holds only for his own little hobby, not for benefit of other shareholders (except close friends and relatives). Company is a public company subject to

SEC rules. Marks should be pushed to sell company by it's institutional shareholders even though Marks owns over 70%

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