HNVR - Meridian Corporation: Patience Is Required

2024-07-16 07:03:57 ET

Summary

• Patience is key for investors, as some investments take time to play out and can result in pain before the eventual upside is achieved.
• Meridian Corporation is a small regional bank with growing deposits and loans, but struggling with declining net interest income and non-interest income.
• Despite weaknesses from the perspective of its income statement and its asset quality, Meridian Corporation's cheap valuation makes it a modestly bullish investment.

Odds are, if you don't have patience, you will not make for a good investor. Some investments take time to play out. In fact, I would argue that most of them do. During that time, you can experience a good deal of pain. As long as you believe that your original assessment was accurate, it's necessary to just deal with that pain as it comes and to wait for the eventual upside that you believe is on the horizon. A good example that I could point to in this regard involves a financial institution by the name of Meridian Corporation ( MRBK )....

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