Comments for HOME
Get
stock quotes and business news
on TheStreet.com
TheStreet.com Network:
TheStreet.com
|
MainStreet.com
|
BankingMyWay.com
|
RealMoney
Fan us on Facebook
Follow us on Twitter
Log In
Sign up
Go to
Answers
Articles
Top Performing Portfolios
Top Rated Portfolios
About Stockpickr
Professional Portfolios
Forums
Do-It-Yourself Portfolios
Video
How to Use Stockpickr
Spotlight Portfolios
Cramer's Mobile Internet ...
Regional Bank Short Squeezes
Renaissance Technologies
Rocket Stocks for the Week
Bruce Berkowitz
I'm Feeling Lucky
Cramer's Take on Headline...
George Soros
Dividend Stocks for the Week
Warren Buffett
Cramer's Stocks That Work...
More Spotlights>>
Active Trader
System Trades of the Day
Unusual Volume System
The Mega Gap System
The Takeover Targets S...
First Day of the Month
The QQQQCrash+ with St...
The QQQQ Crash Plus
The Blizzard System
The Last Week of the Year
The QQQQ Sweet Spot
More Traders>>
Most Viewed Portfolios
Warren Buffett
George Soros
T. Boone Pickens - BP ...
Carl Icahn
Renaissance Technologies
Mohnish Pabrai
Atticus Capital
Prince Al-Waleed
Seth Klarman - Baupost...
SAC Capital
More>>
Today's List of Portfolios
TheStreet Ratings' Dow...
TheStreet Ratings' Upg...
Dividends: Tomorrow's...
Earnings Announcements
TheStreet.com TV Videos
Analyst Downgrades
Analyst Upgrades
Rising on Unusual Volume
Stocks With Unusual Op...
52-Week Lows
More>>
My Stockpickr
Comments for HOME
Added By
Comments
Type
Date Added
barrons2
One area of recent interest to Keeley and his team is savings-and-loan and insurance conversions, since they allow the Small Cap Value Fund to buy a new stock without an underwriter. They bought Home Federal Bancorp (HOME), a Nampa, Idaho-based former mutual savings-and-loan that just completed a conversion in December 2007 at $10. "The proceeds of the conversion give Home an equity-to-assets ratio over 27%, among the highest in the country," according to Zahorik, who doesn't rule out that the company will be acquired at two times book value, or 23.50 per share, after three years. It recently was at 10.80. "While many community banks and thrifts are thinly capitalized, Home is heavily overcapitalized, yet still trades at just 87% of tangible book," Zahorik says. "In late December, Home will be permitted to deploy capital in the form of stock buybacks. Given the high level of excess capital, these buybacks could be substantial." Earnings estimates are 24 cents a share for this fiscal year, and 26 cents a share in 2009.
Love
August 09, 2008