Anchor BanCorp Wisconsin, Inc. (ABCW)
A savings and loan holding company, which is engaged in the savings and loan business through its wholly-owned banking subsidiary, AnchorBank, fsb.
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Another savings and loan quietly going about its business profitably - good value.
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Anchor problems are with Commerical Loan writedowns.
Buyers of development property will see many of these problem projects as great buys. Once Anchor gets control of these projects they will be able to unload them with a mimium of loan write-off. This will take a year or maybe two years. Anchor stock is a great buy for investors at it's current price.
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Currently undervalued with a good yield. Good cash flow. Seems like it's just been overly beaten down with the industry/market.
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In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.
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Just going against the flow

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