TFS Financial Corp (NASDAQ:TFSL)
CAPS Rating:
A federally chartered mid-tier stock holding Company.
Thousands of investors, millions in profit
A federally chartered mid-tier stock holding Company.
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Fool UK
Recs
Once the MOU is lifted in the near future the company will be able to buy back huge chunks of stock at a significant discount to tangible book value.
Deej
Huh? That doesn't make any sense, they are trading above TBV.
Also reading the earnings call, management doesn't seem too bright. Their plan is basically now that the MOU is done, let's get drunk and make some more bad capital decisions. "Well, yes, if the stock stays below 10, I think we'll buy it all back." Har har har.
Even the analyst calls them out: "Specifically, with buybacks, given where the stock is and your prior history of repurchasing stock, quite aggressively at higher levels than where the stock is now."