Centerstate Banks of Florida, Inc. (CSFL)
A bank holding Company which provides a range of consumer and commercial banking services to individuals businesses and industries.
Recs
Recs
Following Anton Schutz of Burnham who's done well shorting banks last year, and is now picking some longs. CSFL is one he likes. http://online.barrons.com/article/SB125755362650834897.html?ru=yahoo&mod=yahoobarrons
Recs
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.
Recs
mortgage investment/regional banks

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