Centerstate Banks of Florida, Inc. (NASDAQ:CSFL)
A bank holding Company which provides a range of consumer and commercial banking services to individuals businesses and industries.
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This bank continues to remain unprofitable as noted in its recent third quarter numbers. Its only consolation is that the value of the dollar is likely to fall further once QE3 is unleashed, so their real loss is not that much when the US dollar approaches zero. Unfortunately their stock chart suggests that they will reach zero before the US dollar does.
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banking play. Alot of good players have selected this one as an underperform. i am just riding their coattails to greatness...
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This bank is well capitalized and capital is king. They will survive the downturn and be in prime position to capitalize on Florida's growth. Their branches are in Small Cities and rural areas and therefore the bank has not been caught up in the "big city" lending like other Florida Banks. Their deposits are strong and growing. Management is comprised of experienced Florida bankers with strong knowledge and connections to the communities they serve. The P/E ratio may give the impression it is overpriced but i consider it a bargain.
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everyone hates it. people are short that are better and smarter than me. why not follow?
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mortgage investment/regional banks
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I am bound to hit on one of these financials, why not this one? There is much to not like.
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short the pop
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