by Sam Haskell | May 18, 2022 | Banks, Corporate Governance
We’ve all had that sensation of finding a stock or other investment that seems too good to be true. Today’s post looks at one particularly cheap bank – Territorial Savings (TBNK), that seems like an easy purchase decision, and shares why it may end...
by Sam Haskell | May 13, 2022 | Corporate Governance
In this note: Preserving Capital: Discussing how market structure is more important to financial sector investors during sell-offs. How bonds are affecting banks – the securitization market frees up high margin loan growth. How bonds are affecting banks –...
by Sam Haskell | Mar 25, 2022 | Corporate Governance
We will begin with a picture: The Fed Funds rate has been zero for two years, and prior to that about 8 years. In this rising rate backdrop there are two reasons banks may perform well vs the broader market. Specifically, Bank EPS tends to do better than the broader...
by Sam Haskell | Feb 25, 2022 | Corporate Governance
Bank investors have outperformed the broader markets by over 10% so far this year, and those of us hidden in the corners owning small, well-run banks may be doing a bit better. (banks in yellow vs S&P 500 in red below) With that said, we need to bring our...
by Sam Haskell | Jan 24, 2022 | Corporate Governance
Below are a few simple lessons I have learned over the years that may help you as you consider your portfolio during the current “turn” in markets. Be aware of the quality of the businesses you own. Don’t assume a stock “will always come...
by Sam Haskell | Dec 22, 2021 | Corporate Governance
First, I will not get to speak to most of the folks reading this, but if you celebrate Christmas I wish you an enjoyable holiday, hopefully surrounded by friends, family or both… Most of us know how compounding works. The rub is how difficult it is to apply. Out of...
