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Re: 56Chevy post# 1

Wednesday, 03/26/2014 5:54:42 PM

Wednesday, March 26, 2014 5:54:42 PM

Post# of 27

Wilbur Ross, who also serves on the board of Talmer, has a stake of more than 24 percent in the bank holding company through WL Ross & Co.

Manulife Asset Management (US) LLC and David Einhorn's hedge fund Greenlight Capital Inc are the other notable shareholders with a stake of more than 5 percent each in the company.

A quote from my good friend, mentor and partner Enterprising Investor:

"Privaye Equity is your best friend when it comes to banks. While most infusions may seem overpriced to the untrained eye, overcapitalization allows the bank to add-on without having to go back to the well".

We'll be putting this to the test on TLMR. I suspect it will pass!




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