DD Support Board and Research Team

[Lazarus]

Why own BAC when you can own MFBP???

Bank of America Buys Stakes in 3 Minority-Focused Banks

SNIP: "The three investments announced Monday bring Bank of America's total to 10 under the program. Other recipients include M&F Bancorp..."

and this --->
M&F Bank receives $18M in equity investments from 4 largest US banks

SNIP: "At the moment, M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), parent company of M&F Bank, is the only minority bank to receive equity investments from the four largest banks in the U.S. M&F Bank, a wholly owned subsidiary of M&F Bancorp, Inc., intends to leverage this additional capital to grow its franchise and provide additional products and services to more efficiently serve its customers."

OTC PROFILE HERE
as you can see, market cap is around $15.5 million

HERE IS THEIR 2020 ANNUAL REPORT

Shareholder equity of $23,463,000 eoy.

Earnings of .52 per share on 2,032,031 shares outstanding

Book Value of ~ $11.54 per share.

I've been buying since the low $4's and recently added around $7.50

Their main challenge is prudent deployment of cash.

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A lot of folks go on an on with disclaimers about how they are not financial advisors and blah, blah, blah -- so fugging pretentious.

My pic is my disclaimer:

SHOULD BE SUFFICIENT WARNING TO ALL