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56Chevy

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56Chevy

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Sunday, 11/10/2013 11:10:21 PM

Sunday, November 10, 2013 11:10:21 PM

Post# of 6
Better late than never.

First Independence Corporation (OTC Bulletin Board: FFSL.OB)

We had $145.3 million in assets and $15.3 million in stockholders’ equity as of June 30, 2013. At June 30, 2013, total shares outstanding were 835,163.

BV $18.37

MV $14.87

Stock is still selling at a 20% discount to BV.

No TARP.

http://www.firstfederalsl.com/Press%20Releases/First%20Independence%20Announces%20Thirs%20Quarter%20Loss%2072413.pdf

http://banktracker.investigativereportingworkshop.org/banks/kansas/independence/first-federal-savings-and-loan-association-of-independence/

*In January of 2012 this bank started out at $4 @ share and has been steadily climbing to where it is today [$14.87] ever since.



Investing requires continuous learning, even though the underlying concepts (buy-low-sell-high, margin of safety, etc.) never change.

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