Let's Revisit $CABO
Burnt longs, hated industry, over-levered equity stub, melting revenue. Naturally, I'm attracted like a moth to the flame.
Quick Idea: $LSBK
* Small regional bank just completed de-mutualization.
* Current price of $12.66 is 0.7x BV ($17.89/sh).
* $100M market cap, $75M in cash.
* Activist Joseph Stilwell filed 9.4% stake, accumulated around $12.10/sh.
* Stilwell has record of pushing for buybacks/mergers.
Lakeshore Bancorp just completed its second-step
Let's Revisit $CABO
Burnt longs, hated industry, over-levered equity stub, melting revenue. Naturally, I'm attracted like a moth to the flame.