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 !