XMFRoyal

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XMFRoyal replied to the Jim Royal board. 7:02 PM

Re: Gordon DuGan

Thanks! I always thought DuGan really tried to do right by shareholders, tried to do some complex things that might work in investors' favor when he didn't have to pay a big price for them. For example, when he was cleaning up Gramercy's [more]

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XMFRoyal replied to the Jim Royal board. 8:37 AM

Re: Here's where Gordon DuGan landed

Yup, totally agreed.

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XMFRoyal posted to the Jim Royal board. 8:20 AM

Here's where Gordon DuGan landed

One-time CEO of GPT, Gordon DuGan, is now chair at INDT. I loved his performance at GPT and it's good to see him associated again with a publicly traded company. I wanted to be sure to follow him when he emerged again, and he's now been chair [more]

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XMFRoyal replied to the Jim Royal board. 7:12 PM

Re: First-step conversions

Rob,

It's useful to think of what the whole bank could be sold for and then working back from that in order to find what the valuation/new shares on the second step of the conversion could be. As rough guide, you could probably figure [more]

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XMFRoyal posted to the Jim Royal board. 6:11 PM

First-step conversions

https://seekingalpha.com/article/4411127-5-hidden-thrift-ban...

Here's the first of a few articles that I'll be doing about [more]

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XMFRoyal replied to the Jim Royal board. 6:53 PM

Re: BCOW up substantially after Announcement

Hi, David,

Yeah, so it's expectations that the stock will exit first-step limbo and the completion of the second step also begins the three-year countdown on being acquired. The other aspect is that the post-conversion will be valued in [more]

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XMFRoyal replied to the Jim Royal board. 11:47 PM

Re: FFBW

Yes, FFBW really perked up quite a bit. We'll see how much it holds. Sharp moves in thrifts are not especially common. The pick-up in the 10-year yield seems to have moved the sector some.

Jim

Boards Post

XMFRoyal replied to the Jim Royal board. 11:45 PM

Re: Haier - massive discount?

Hey, freecapital,

Do you continue to follow this Haier trade? What's happened?

Jim

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XMFRoyal replied to the Jim Royal board. 11:45 PM

Re: CLNY transformation

Re: CLNY preferreds, they discussed these a bit on today's call.

[more]

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XMFRoyal replied to the Jim Royal board. 11:01 PM

Re: FFBW

Yep, definitely something to keep an eye on here at FFBW.

Jim

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XMFRoyal posted to the Jim Royal board. 7:26 PM

FFBW

This second-step conversion (one year ago) just announced a repurchase authorization for 10% of its stock. This was a move that I was waiting to see. The stock was actually modestly down after the announcement but finished solidly up for the day. I [more]

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XMFRoyal replied to the Jim Royal board. 11:18 PM

Re: FFNW

Thanks, David. I'm aiming to publish a few articles on SA in the coming weeks to highlight some thrifts. I'll post some links here.

Best!

Jim

Boards Post

XMFRoyal replied to the Jim Royal board. 9:13 PM

Re: How do SPAC Units work, generally?

Well, CCIV confirmed a deal. So how far off was your sale really?

Jim

Boards Post

XMFRoyal replied to the Jim Royal board. 9:03 PM

Re: IPOE (SoFi) and the Future of Spacluators

"If a stock performs really well, a little is all you need, and if it performs poorly, a little is all you want."

I love it, David. Thanks!

Jim

Boards Post

XMFRoyal replied to the Jim Royal board. 9:02 PM

Re: IPOE (SoFi) and the Future of Spacluators

Yes, the emergenec of tradionally non-business folks into the SPAC world certainly feels like one of those "bells at the top."

Jim

Boards Post

XMFRoyal posted to the Jim Royal board. 7:16 PM

FFNW

FFNW recently reported its annual results, and things looked pretty decent. It turned in a return on equity of 5.5% for the year, and finished up with tangible equity at around 11.3% of assets, giving it some room to repurchase stock. And with EPS at [more]

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XMFRoyal replied to the Jim Royal board. 11:39 PM

Re: How do SPAC Units work, generally?

Hey, Rob,

I think to get the full details the best place to go would be a recently completed SPAC or the SPAC prospectus (CCIV's below). But generally if you're a shareholder, then you're voting on the merger and have the option [more]

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XMFRoyal posted to the Jim Royal board. 3:22 AM

Interesting situation

http://clarkstreetvalue.blogspot.com/2021/02/aptevo-therapeu...

Jim

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XMFRoyal replied to the Jim Royal board. 8:09 PM

Re: Did This Make Jim's Head Explode?

All the tax complications around cryptocurrencies are a nightmare. Imagine recording your cost basis every time you used a credit card, even if someone else tallied it all up for you. It does the processing slower and at a huge environmental cost [more]

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XMFRoyal replied to the Jim Royal board. 11:39 PM

Re: Did This Make Jim's Head Explode?

Frank, I saw someone on Twitter today say something like "It's like merging of two Ponzi schemes into a super Ponzi scheme." Musk is highly skilled at populism.

Price action on trading sardines rules the day until it [more]