+ Watch TFSL
on My Watchlist
A federally chartered mid-tier stock holding Company.
Value Play - True EPS is "Hidden" by shares owned by the company's subsidiary. See Jim Royal's analysis! http://www.fool.com/investing/general/2014/07/24/im-back-to-buy-more-of-this-stupid-cheap-bank.aspx
Stock is undervalued, true value is around 25. Company is buying back a lot of shares and creating value for shareholders.
Significantly misvalued as per Jim Royal's analysis. Fair value $20 to $30. 10M share buyback just announced (almost 15% of float) and shares barely budged. Time to back up the truck!
Book value and future rising interest rates
Re-entering this one (with a little real money to boot). MOU is gone, buybacks and dividend should accelerate.
Overweighted this special situation at 2x's my normal large position size, but it's working out quite well so far.
share buybacks, dividend, and growing business will propel this stock to 16-18 over the next 12 months I believe.
shout out to TMFRoyal:http://www.fool.com/investing/general/2014/04/18/plenty-of-upside-for-tfs-financial-and-im-buying-m.aspx?source=ifesitlnk0000001&lidx=3
Once regulatory MOU gets lifted from 2010, should be a nice pop.
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.
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