+ Watch TFSL
on My Watchlist
A federally chartered mid-tier stock holding Company.
buyout candidate as it improves
Bank stock selling below book value, with enough excess capital to buy back every share of the stock, and just waiting for the regulator to remove a memorandum of understanding that restricts them from buybacks or dividends. Studies have shown that the average multiple for a sale of a demutualized bank is 1.6XBV, so whenever the MOU is lifted and TFSL management is allowed to do whatever they want, I think we'll see this stock go up by at least 50% over the next couple of years.
Looks like a 50-cent dollar. Time will tell.Thesis based on Jim Royal's write-up:http://www.fool.com/investing/general/2013/03/13/this-bank-stock-could-be-a-double.aspxSee this post for details on my real-money trade:http://boards.fool.com/73113-trade-tfsl-long-call-30803505.aspx
Mutualization play brought to light by Jim Royal. Here is his full write up:http://www.fool.com/investing/general/2013/03/13/this-bank-stock-could-be-a-double.aspx?source=irnsitlnk0000001Quite an interesting concept, based upon its incredibly low Price to Book of only 0.6 or so. Pair this up with the company's potential to reinstate its dividend upon pending approval and its ability to buy back HUGE chunks of shares and I am willing to take a flyer.My very first attempt at not only a mutualization play, but a special situation trade in general, so here goes. 1-3 years.
In transition, under appreciated potential. Solid small bank.
Peter Lynch mutualization play
Once the MOU is lifted in the near future the company will be able to buy back huge chunks of stock at a significant discount to tangible book value. Deej
Solid, conservative management.
Unemployment and foreclosure rates are still rising, consumer and commercial borrowing remain restricted, and small businesses are getting hammered.
Some of these banks may be going to zero, but at this point the upside potential for the survivors is looking attractive.
A solidly run, "regional"/family company with conservative lending practices. Chasing old money with branches in FL - looks to be a solid long term investment.
They are overdue for a decent-sized correction. Too much valuation for too little of earnings.
good banking stock
Saving and Loan operating in the robust markets of Ohio and Southern Florida. They promise to give the best mortgages to their customers? Giving lower than acceptable risk to areas where housing values are falling? Have an OK cash balance to survive this, but sounds like they'll have some more writedown than their historical 1-2% bad mortgage writeoffs. Isn't giving out stupid money to corporate lenders with no covenants what got this market in trouble in the first place? Even worse when you are lending to the poor. As Michael Lewis said, they are sharks.
Read the filings.
A good solid company that has conservative lending policies.
This IPO is a well run bank in the Cleveland area. It is well known for it's conservative approach to banking. After it's first year of public operation results are knon, I am confident that the Earnings andDividends will create a winner.
Mark S. will take care of his people (shareholders/customers). Watch for a dividend within the next six weeks.12 Month Target - $14.0018 Month Target - $17.0024 Month Target - $20.00Good Stock. Good Company. Good Management. Good Market Cap. Good locations (OH & FL)Excellent for Long Term Investors to get in now while it's dirt cheap. Wait until the institutions start buying.
Tried to get in on the initial offering of Third Fed as a member but it was oversubscribed. This is a very well managed, conservative bank play that is very competitive in its markets of Ohio and Florida with rates, loans, etc. without taking most of the risk it seems that other banks have taken. I think this offering is raising money for them at a good time for them to increase mkt share and customer base. Just because I missed the initial offering at $10 I am not going to miss the run to $20-$30 imho over the next 2-5 years. Bought my first stake at $11.87 after it pulled back the first day of trading. Would avg down about every 5% from there to build the position.
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