is fair value this is an excellent buy and hold , very cheap low floated mhc here , huge buyback firepower and div waive ahead , not much needs to change for investors to do well here...buybacks and divs fanatstic situation joco
i dont know but they have such a small float div could be very nice , but it is 100% up tot he ceo and family up there : 0 ) i think they are good people they acually like people so i think they will take care of their local shareholders and of course themselves and pay out good divs and waive most of it!
look at the prices of WAUW and ROMA 2 much smaller smalll floated mhc they have some things about each of them that better then TFSL , but TFSL is many times as large so i can see and equal price in 12 months for these 3
new issue under pressure...lots of pros selling big allocations, soon to be over and we will enjoy buybacks upon buybacks and div upon div...very nice stock nice and easy now up up and up ! joco