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Oconee Federal Financial Corp. (OFED) Message Board

  • dan.wilson41 dan.wilson41 Feb 14, 2012 10:33 PM Flag

    am i missing something or is everybody else missing something

    why is this stock not higher? i know it is a mhc but this piggie is pretty clean and really cheap. i own this and will continue to pick away at it. 13 bucks here we come.

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    • well well well here we are again !

      agree ! wha t a low risk clean value this is...

      bot and bot again and planing to hold a very long time

      very nice loan book very nice equity very nice valuation 60% fully converted

      the nicks are that it is small and mhc at 60 cents on the dollar and plenty of loot for buybacks and divs it works !

      buy int he 11's and 12's

      this in my guess is worth 14 a share with a 15 cent quarterly div in near future or if not that much more buybacks then at 60% of book !


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