I'm looking for buyout candidates in the regional banking space.
AIG has freed itself from government ownership and has cash to invest
Republic Bank & Trust is historically one of the top earning institutions in the country.
It's been the big mover in both my models recently.
Oaktree is a global investment management firm focused on alternative markets and is best known for its distressed investments portfolio.
In my opinion, the key to the last couple of years was not to over-trade.
The large ownership stake of the U.S. Treasury is overhang, but as the business continues to reduce non-core assets it can buy back shares from the U.S. Treasury at below book value.
I believe the stock is at or near a bottom and is moving forward with a turnaround under the guidance of CEO Craig R. Herkert.
The company is uniquely positioned in one of the strongest markets in the country