I haven't posted in a few days, but have been working on a few "projects," which hopefully will result in some interesting posts. One industry that I have turned my sights on recently is banking. There are all sorts of interesting angles to take when looking at a bank, because there is definitely more than meets the eye in most cases. One also needs to spend a very large amount of time looking at the balance sheet, which is the most underrated financial statement out there. Banks live and die by their balance sheets. The other, more macro-level angle is the pervasive consolidation that is happening in this industry, as big banks try to "roll up" the small ones, cut costs, and engineer ever higher growth. Acquisitions mean acquisition premiums, and therefore "excess returns" for those who invest in the targets. The trick is to identify the target...
« Lone Star vs. Outback | Main | Community Banks and Thrifts »
Comments
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
I like SOV for value.
Posted by: Kevin | March 17, 2004 at 05:23 PM
Looking for information and found it at this great site…i
Posted by: ssre | September 03, 2007 at 10:28 PM
I like that!u
Posted by: gari | September 04, 2007 at 04:35 AM