ASRV should be one of the largest positions in a portfolio. This regional bank is trading at the deepest discount on the market. It is almost one third less than its $4.97 book value. Trading at par with its book value (which is a low valuation) would represent a 50% gain. If they get bought out at market value, it would likely be for about double the current...
ASRV
• Even the slighted raise in interest will go right to the bottom line of regional banks
• The group historically trade at 1.5 times book value
• $5.00 - $6.50 - $8.00 Upside
• $3.30 - $2.60 Downside
YDKN Merger ASRV
Price/Sales 3.58 1.45
Price/Book ...