Recs

0
Player Avatar joryko (98.72) Submitted: 7/23/2013 6:43:25 PM : Outperform Start Price: $11.77 TFSL Score: +3.33

Mutualization play brought to light by Jim Royal. Here is his full write up:

http://www.fool.com/investing/general/2013/03/13/this-bank-stock-could-be-a-double.aspx?source=irnsitlnk0000001

Quite an interesting concept, based upon its incredibly low Price to Book of only 0.6 or so. Pair this up with the company's potential to reinstate its dividend upon pending approval and its ability to buy back HUGE chunks of shares and I am willing to take a flyer.

My very first attempt at not only a mutualization play, but a special situation trade in general, so here goes. 1-3 years.

Featured Broker Partners


Advertisement