Too many BS posts about "other stuff". Let's (shareholders) talk about TFSL. Glad they rec'd permission to do buybacks. Stock should stay in the $11.85-$12.85 trading range for now. Hoping to hear one of two things....(1) a dividend has been requested and approved and (2) the MOU has been terminated. Either event will move this stock to $15. As a side note I'm still owning my IPO shares, but am now buying more on dips, as I expect good news coming sooner than later.
It seems like the MOU process is long over due. Not sure how this is still in place given the company's strong financial performance over the past few quarters. How long do MOU's typically stay in place (any historical precedents)?
Regulators have total control so a MOU can be short or long term. TFSL has had some strong earnings and the balance sheet is excellent, compared to when the MOU began. Regulators let the buyback return and that's a very good sign. A dividend authorization would allow this stock to move into the mid teens. I think we'll see that in the next few months.