International Bancshares Corp (NASDAQ:IBOC)
The Company is a financial holding company. Its bank subsidiaries are in the business of gathering funds from various sources and investing these funds in order to earn a return.
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That powers that be at MF apparently won't allow me to post why I picked this stock... My own research didn't reveal any *additional* insights into why this is a good company/investment, beyond what I read at the source.
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Texas based bank which will eventually be acquired by an out-of-state player wanting in the lucrative Texas market. Undervalued compared to it peer Texas based-competitors.
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small bank waiting to be bought out
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