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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This is not a recommendation to buy or sell any stock mentioned. I do not have a position in any stock mentioned unless otherwise noted in this post. Do your own research: you are accountable for your own returns. Please read my full disclosure

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