I guess I have been kinda busy. Anyway, I think that fireworks are absolutely not interesting, and I am not one for crowds of young people. So here I am looking at the BOKF message board on the Fourth of July. No complaints that I have nothing better to do. I like being here. You asked a few months back if I knew anything more about Mr. Kaiser's plans. Well, I do not. But I see that he just arranged for the sale of Petrocorp, PEX on the American Stock Exchange, to Unit Corp., a company that owns drilling rigs. I believe that Mr. Kaiser had a large position in Unit Corp. shares. I remember reading at some point, maybe in Forbes a few years ago, is that he drives a Chevrolet and his wife is involved with teaching. I just have boundless admiration for quiet billionaires who conduct their businesses and their lives honorably, and it is my sense that Mr. Kaiser qualifies for a high score on those counts.
Does anyone here follow LFIN, Local Financial? Though its ratios indicate slightly less impressive profitability than BOKF, the shares seem quite attractively priced at the 14.75 level.
I also took a small position recently in INHO, an insurance company that is making money and is (like BOKF) tightly held by the chairman. It looks good to me.
I remain actively invested in underfollowed banks and insurance companies, and I am happy to exchange ideas with others.
Caveat emptor. Do not be guided by my thoughts on LFIN, INHO or anything else. Evaluate everything for yourself. When I forget to do so, that's when I get myself into trouble.