- In four decades of banking, I have never seen anything as looney as this: A “Triple F” bank soared 141% during the past week and 308% YTD.
- Knowing a good thing when he sees it, the third largest shareholder sold all his shares last week in this marginally unprofitable bank.
- When the stock prices of the market’s least profitable companies act weird and big shareholders prudently exit large positions, we may be seeing evidence of a market top.
- Record-high market valuations have spooked me for a while.
- When a perennially underperforming bank sees its valuation match industry leaders, it is time for me to reduce equity exposure and take profits in non-taxable accounts.
For further details see:
Carver Bancorp: Looking For Evidence Of Market Top? This May Be It