For as long as I've followed Arkansas's Bank of the Ozarks (OZRK)
(which is quite a few years now), I've been very impressed with this
company's aggressive but extremely focused strategy. While it's true
that having a loan book tilted heavily towards commercial real estate
(CRE) and construction lending is risky, it's sort of like walking a
high-wire - it's risky, but the risk doesn't matter if you don't fall
off, and Bank of the Ozarks has a system in place that has kept the
falls to a minimum.
As much as I like this bank, it rarely gets
very cheap and this is not one of those times. I had hoped that
investors might misread this second quarter earnings report and sell the
shares, but it appears that that's not happening. In any case, while I
wouldn't sell these shares if I owned them, I need at least a 10%
pullback before I could be enticed to think about buying.
Please follow this link for more:
Bank Of The Ozarks Growing Gangbusters, But Not At All Cheap
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