“I want to buy them 80% of tangible book value with negligible, negligible loan losses and lots of capital.”
Tim Melvin · The Acquirers Podcast · Tim Melvin: Finding Value Where Wall Street Isn’t Looking
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What was described
Buy nano-cap community banks at roughly 80% of tangible book value while ensuring negligible loan losses and ample capital
80% tangible book value
Said nearby on the same subject
“Theflagshipreport.com is we've got an income portfolio on there and some small capital value stuff. And preferred stocks. The banks, that's on my sub stack, the community bank investor.”
“You don't necessarily have to use the same value for the bank for stamp duty and for capital gains tax purposes. The bank may value a property at a million dollars, but you might sell it for $900,000.”
TW
Terry Waugh
The Structuring Podcast ·
How they workbank may value a property at a million dollars, but you might sell it …Share this moment
“Investors focusing on 10-15% yield were losing value over time because capital was eroding while paying taxes on dividends”