Replies to post #121799 on Savvy Trades and Investments

[SSKILLZ1]

INBK

I added a few more share in the mid 28's, the company is now about $15 under tangible book, which is a huge discount to book. I continue to expect $4.00+ in earnings for 2025. Hence I couldn't resist adding a few more shares at this kind of discount to tangible book value, and trading at about just 7x on the earnings I think they will deliver in 2025. Time will tell. All is just my opinion, and I could always be wrong though.

[SSKILLZ1]

INBK

I was right the first time, will be puking out shares here as well. what a terrible quarter they beat last quarter provision with a even larger provision, even with a nice chargeoff no less the balance still went up about 25%, NPA continued to rise sequentially. I have 0 confidence now if bad loans are just getting started here now, and as I said asset health is the most important thing with banks. I was under the impression after last quarter they had a handle on it, I was wrong, as it got significantly worse in my opinion.