Great Southern Bancorp, Inc. (GSBC)
A financial holding company through Great Southern Bank is engaged in the business of originating residential and commercial real estate loans, construction loans, other commercial and consumer loans.
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HUGE positive earnings surprise announced today.
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This bank was a good buy back in march. They have doubled their stock price in the last few months. I doubt that it can continue this pace, especially since the real estate problems are not likely to go away. With higher taxes on the way, the savings rate is likely to fall as disposable income falls. Higher unemployment won't help either. I suspect that the stock price will start trending down over the next six months as their profits come in lower than expected. Profit takers will also add to the stock price decline.
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Dwot is -200pts on this, heh, this should pay out!
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Big overhang compared to the SPDR. Waiting for a correction on some of these financials. They have moved up pretty aggressively.
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Deteriorating Professional Opinion
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Good solid growing bank with sound books.
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Dwot picked this down at 8.10
Target 20% below S&P
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rally picks
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Bad investment in Arkansas lender has pummeled the stock. Still has a good core. Stock should rebound next year. 7 to 8 is a good entry point to buy into this company.
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Following TMFBent.
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They recently reported a $35 million charge-off as a result of loan losses made to ANB, so it's shares hit a seven-year low. So expect this stock to be down for a while. However, this made not be a huge negative to the next Q profits...
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This stock is unbelievably cheap right now. It's market is not one of the areas that is really hurting from housing, and it's still raising it's dividend every other quarter, like it has the nearly 6 years I've owned the stock.

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