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Transaction Details

Company: First Security
Yahoo Beta:0.57
Industry:Regional Bank

Company Description:  First Security Bank is a regional bank.

Purchase Date:05 Apr 2000 Sale Date:07 Nov 2000
Purchase Price:$12.25 Sale Price:$46.44
  --Split Adjusted:$34.66  --Split Adjusted:$16.41
Shares Purchased:300 Shares Sold:106
  --Split Adjusted:106  --Split Adjusted:300
Transaction Fee:$118.18 Transaction Fee:$53.62
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$29.75 High$46.48
Date22 Dec 1999 Date28 Jan 2000
Low$11.25 Low$43.25
Date15 Mar 2000 Date22 Dec 2000
S&P (Purchase Date):$1,487.37 S&P (Sale Date):$1,431.87

Timing:  Price had dropped significantly over the last several months.
Reason:  First Security Bank and Zion's Bank had agreed to merge. Zion's shareholders rejected the merger and First Security's price had dropped. We believed another bank would aquire First Security and at a premium.

Timing:  Stock price remained very stable over the next six months.
Reason:  First Security was acquired by Wells Fargo not long after we purchased.

S&P Gain: -3.73 % Annualized Gain: -6.22%
Stock Gain: 33.98 % Annualized Gain: 63.94%

Net Holding Return ($): $1,206.81
Net Holding Return (%): 31.82 %