A veritable cornucopia of thrift news this week, and two more on the docket for the near term:
Jim
1 Like
Price to Book is under 0.7 for both - Is that your key for these two. I live very close to Monroe Federal’s footprint and i have never heard of them.
Vince
It’s the same old shtick with the thrifts: cheap valuation, watch for buybacks and insider purchases, try to find a few other characteristics that are valuable to an acquirer.
Nobody has heard of any of these guys, it doesn’t matter where you live. lol.
Jim
2 Likes
Wait a few months and the holders will be selling shares under TBV…
1 Like
I am setting a trigger - Monroe shares were trading at 13.00 yesterday!
Monroe still at 13.00, but FBLA is under 12 and has been dropping steadily…
Monroe still at 13, FBLA came close to 11 but is now back toward 12.
Monroe at 15, FBLA is 11.40 and there have been a few insider purchases, albeit small ones.
I have kepy these on my radar, but other than price, very little financial information is available from the places I look - Fidelity , Edgar and FinChat. Is there some other source to track buybacks and insider activity?
Vinnie g
Yeah, not really great resources to track the actual financial details here. I use an RSS feed to deliver the filings, and there aren’t that many of them. Then I just keep track of things in a spreadsheet with ~10 columns of key details like buybacks, insider ownership, etc. These companies do so little that you don’t have a lot to track.
Jim