This is a long idea. Banks are a real pain to try and value so just using simple metrics with this one:

PE under 10
Dividend about 4%
Trades well under book ( a bit over 1/2 of book)

Another book value play when it drops under $1/share, HKFI.PK (Hancock Fabrics), looks interesting. The company has to deal with much higher cotton prices later this year, the CEO recently resigned, and their earnings report should be out any time now so who knows what that might look like with CEO resigning. Those are some big negatives.

Would be curious what others think of it. There's a big chunk of potential shares in warrants that convert at $1.12/share so the lower the stock drops below $1.12, the better book value looks with either the warrants being exercised and the company getting cash or else having a much smaller share count relative to book value/share.

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