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No. of Recommendations: 2
I have been a shareholder of this stock since it was offered. The bank in located in Louisville Ky and covers the city and some areas across the river in Indiana. About 5 or 6 years ago there was only one branch now there are about 12 or 15. On Saturday morning the parking lot of my branch is full and the Bank of Louisville across the street is empty.

This stock is my main IRA holding. Each year since 1985 I have put in $2000 a year, had the dividends reinvested automatically and was able to take advantage of all stock splits, plus a one time 10% in stock dividend (1 free stock for each 10 owned).

It is very easy for me to calculate an approximate cost base of about $50,000, ($2000 per year, plus dividends and splits). 16 years later, my 7000 shares are now worth $250,000.00.

You should know, that during the dot com bubble SYI fell asleep-didn't go anywhere. It stayed at $19, daily volumn was about 1,500 shares, until about February of this year and since then the stock has gone from 21 to 36!

This is a great bank, run by the same people for the last 15 years.

I think the stock is near it's top for the year, but I am sure the dividend will go up by at least 10% a year and that when the stock has hit 50 it tends to split.

good luck.. you be the judge
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