Matt Franz : Zealous For Knowledge

Oconee Federal Financial

Investors have written about the merits of investing in mutual conversions for years: Seth Klarman in Margin Of Safety, Peter Lynch in Beating The Street, David Einhorn in Fooling Some Of The People All Of The Time, and even David Chilton in The Wealthy Barber. Nevertheless, the market continues to misunderstand and misprice them.

Oconee is one of these misunderstood banks, and is repurchasing shares at an attractive level. You can read my full write-up on Seeking Alpha though this link.

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