First Bancorp (FBP)

[56Chevy]

LM!!!.....where in the world have you been! Long time no see my friend. This is a great surprise... glad to hear from you!

Banks banks banks...believe it or not, besides the big 5, there are approx 7,000 other ones that are publically traded to plow through as well. There's no shortage of banks to examine that's for sure and that's down from a list of 10,000 we had just a few years ago ":-0

Hundreds of banks have either failed or merged just since the banking crisis of 2008/09. EI has been a terrific coach/mentor in laying out the key points to look for in this post crisis environment when digging for value.

We were hoping the fed would raise interest rates long before now which would turbo charge earnings for all banks. It appears that may not happen until late 2015 or early 2016. In this low interest rate environment it really underscores the need to find banks selling at a discount.

Banks are money machines and the time to seriously put together a short list to invest in is now. There will come a day when these fairly unknown bank stock prices will jump up like scalded dogs. :)