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Oconee Federal Financial Corp. (OFED) Message Board

  • dan.wilson41 dan.wilson41 Apr 13, 2012 10:23 PM Flag

    time to buy

    sold out of a couple positions out of the banking sector and going to add to my position in this one and my tfsl position.

    its only a matter of time before the mou is lifted and we get a quick 15-20% pop in tfsl

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    • ofed and tfsl are both mhc's

      ofed i am comfortable holding as mhc believe insiders will buy back lots of stock and increase their control and ownership stakes with each minority share bot bCK AND retired.

      tfsl is very cheap we plan on buying after MOU is dropped AND it sells new stock in 2nd step .. in short i like it lots more as fully converted and then it could be forced into A merger down the road..they are insecure management , we have difficulty with those type of fellows in the past

      i think they could drop MOU in a day with a second step announcement but then they would lose their shield ...

      so we wait for 2nd step i want em cash rich and with huge excess cash

      ofed is exception ... nice profits for shareholder with increased divs coming although not waived it is still ok and profitable !

      go TFSL and OFED and whole subsector !


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