Value Microcaps Motherboard

[SSKILLZ1]

INBK

I’ve been purchasing INBK all day today. Here is what I Like.

1) INBK minus the charge earned a whopping .68, means it is trading at 9 times earnings.

2) INBK has great asset quality, so asset health is not in question here.


3) INBK offers great loan growth of 8% sequential loan growth organic is hard to find in the banking business, as one of the fastest growing banks around it should trade at a premium, not a discount to the sector in my opinion.

4) I think INBK can earn $3.00+ over the next 4 quarters, Hence I think this growth story is worth a 12-15 PE. Conservatively it is worth a run into the upper 30’s and fv is probably in the mid 40’s over the coming year.


Conclusion: INBK is now my number 1 position thanks to the fact that I was aggressively chasing it all day (Which if one knows me I don't do very often, Unless it is a special situation), I have not seen a better blend of growth, great asset quality, and earnings power in a story in quite some times in my opinion. All is just my opinion, and I could always be wrong though.