Two More Interesting Stocks, One with a 17% Yield!
I always like Todd Johnson's Seeking Alpha articles. We seem to have similar taste in stocks. Here's a new one that he wrote about an MLP that I went long in CAPS right after the IPO, but didn't actually buy in real-life. I wish I had though, I'm up 67.27% on it here versus a 2% gain in the S&P over the same time period...AND it's still yielding an estimated 17%. Wow.
My Must-Own 17% Dividend Yield Equity
The other stock that I came across this morning
just got caught in my "Google Alerts" web. I have one set up for "Thrift Conversions." These things really clog up your in-box but they're one of the best sources of ideas that know of. It's a piece from this week's Barron's on a thrift conversion, prototypical special situation that both Peter Lynch and Joel Greenblat talk about extensively in their books. The bank that is talked about, HomeTrust Bancshares (HTBI) doesn't seem to be very well-run at least in terns of its loan portfolio, but that theoretically can be fixed, especially if the economy continues to improve as I believe it will. Plus it's flush with cash after its recent conversion and cheap compared to its peers.
Earning Wall Street's Trust
As an interesting, at least to me, side note. I used to subscribe to Barron's for years, but I found that the way I read it, blasting through all of the political, opinion, and PENTA stuff for the few special situation-esque nuggets didn't really justify the cost for me personally. I can usually find anything that I want to read from them eventually on-line for free. Then a couple of months ago, poof, I started getting Barron's in the mail again every week for free. I have absolutely no idea where it's coming from. I certainly didn't pay for it. Did someone here in CAPS? Perhaps I have a secret admirer :). Anyhow, it's pretty funny.
Thanks for reading everyone. Have a great day!