fishwithwings

No, the reports are in French. Nate, You seem like the go-to guy for regional banks... What are your thoughts on CRCAM banks since your post in '13? Thanks!

Do the french banks post their financial reports in English?

Nate, Do you know how the second step shares are priced? Thanks

Does anyone know how the earnings generated by the bank are treated... Are the earnings disproportionately accretive to the shareholders or will earnings be divided between the MHC and shareholders based upon ownership %?

Thanks!

Thanks for the idea. I've sent an email to the company requesting the financials. I've put together an excel sheet of a few banks with the MHC structure. If you or anyone would like a copy/want to discuss, send me a PM.

I took a look at the list on beyond proxy's website and spent a few hours reviewing the six "highlighted opportunities." IMO they are more attractive than the general market, however most of these shares with the exception of MSVB are not "deeply" undervalued (i.e. 40-50% discount). As for MSVB the shares are illiquid and its tough to purchase a material position. Thoughts?

Any thoughts on how to sift through the publicly traded banks to find those with a MHC structure? I was thinking of screening for banks with P/B>2 and then going through each manually...

Hello Regional Bank investors... How do you screen/generate ideas for Banks with Mutual Holding Company structures?

I know these post are old, but given its been ~3 years since the last post I was wondering if anyone could add to the discussion?

Hi, How should floor plan financing should be taken into account when calculating EV... Specifically should one subtract inventory from EV and add floor plan financing? Thanks

I feel like i'm making the same mistake... However, on the flip-side, I have found great ideas on the forums and websites.... A few ideas have generated 50%+ returns.

22% no leverage, 10% cash, 50+ positions. If anyone has experience investing successfully using a concentrated positions, please send me a pm... I can't fathom investing my net-worth in 3-6 positions.

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