Going On A Thrift Hunt
A Species Worth Stalking
Last week I told you about mutual savings conversions (a.k.a. thift conversions). These are small, well-capitalized banks that often trade for a fraction of their real value.
Most end up getting acquired by a larger bank to the benefit of their managers — and if we play our cards right, to yours and mine as well.
While most mutual savings conversions will work out well when bought at the right price, these investments are not without risks.
Picking our spots will lead to better results.
Survival Of The Thriftiest
There are about 400 mutual savings banks in operation. Of these, about 40 are currently in different stages of their mutual-to-stock conversion journey.
Since I know I left you hanging in my first mutual savings conversions article, I am going to cut to the chase and share with you which of these seem the most promising to me, along with a quick look from the top for each of them:
(1) Prior to Lakeside Bank acquisition
Feeling dizzy? Not to worry!
Over the next several weeks, I will be posting deep dives for each of these banks. I will walk you through the meanings of the attributes above. I will tell you about each bank’s unique factors that don’t fit into a table. I will highlight the good, the bad and the ugly, so that you can make up your own mind. I will also let you know which of these I own myself.
By the time we are done, you may be feeling ready to pounce.
Until then, happy hunting!
The Lynx Investor is for informational and educational purposes only. Nothing published here constitutes financial advice or a recommendation to buy or sell any security. I am not a registered investment advisor. Always do your own research and consult a licensed financial professional before making investment decisions. I may hold positions in securities discussed.