E-Memos

Each month, we provide clients and friends with a short newsletter discussing our views on the banking industry, investing in bank stocks and other timely topics. Click on the icons at right to read our monthly E-Memo newsletters.

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1-12 A Return of Sanity to the Bank Stock Market?

12-11 What Consolidation Wave? When?

11-11 Capital Adequacy - Is Perception Reality?

10-11 The 12,000,000 Customer Opportunity - The Catalyst We've Been Waiting For?

9-11 The Deposit Opportunity

8-11 Our Take on Bank Stock Bashing

7-11 Have Community Banks Lost the Battle for Survival?

6-11 We're Here to Help You-Part II:  The Merits of SBLF for C-Corps

5-11 We're Here to Help You

4-11 Candid Optimism from Wall Street and Main Street

3-11 Can Community Banks Raise Capital?

2-11 Community Bank Industry:  The Private Equity Perspective

1-11 Shifting Bank Valuation Metrics?

12-10 Who Will Be the Last Bear Standing?

11-10 What Will Drive Bank Capital Raises?  What Won't?

10-10 Are Higher Bank Capital Ratios Impeding Banks and Economic Growth?

09-10 Words. . . and percentages. . . Really do Matter!

08-10 Uncertainty Breeds Opportunity

07-10 Dodd-Frank - Nonsense or Non-Event?

06-10 Dodd-Frank and the End of Community Banking?

05-10 Regulatory Headwinds and the Value of Community Banks

04-10 Why Community Banks?

03-10 You Never Want A serious Crisis To Go To Waste

02-10 Lab Rats

01-10 The Market Helps Those Who Help Themselves

12-09 The Fat Cats and the Lender-in-Chief

11-09 The FDIC Opportunity

10-09 Banks Are the Bad Guys. . . Again

9-09 Rex Regulator

8-09 Mark-to-Market Expansion:  FASB Tries to Make "Bank" aA Four-Letter Word-Again

7-09 Is Banking Back?

6-09 Where Are Our Banking Heroes?

5-09 Can We Grow Again?

4-09 Are We Out Of The Woods?

3-09 If FDR did it with the stroke of a pen . . .

2-09 Next Time We'll . . .

1-09 A Note of Optimism

12-08 A Reason to Smile?

11-08 What's Going On Under the TARP?

10-08 Are We There Yet? - The TARP Version

09-08 Are We There Yet?  Or Is It Too Late?

08-08 Management Markets and Metrics - Trust

07-08 Special - Is it a Bottom in Financial Stock

07-08 Management Markets and Metrics - Transparency

06-08 Managment Markets and Metrics

05-08 Deposits Make Banks Different

04-08 Dividends, etc.

03-08 Banking Bascis Redux Part I

02-08 Circling Overhead/Biding Our Time

01-08 It IS a Great Time to Buy Banks!

12-07 A Great Time to Buy Banks? Really?

11-07 Sour Grapes, Aphorisms & Bromides

10-07 The Halo Effect

09-07 Trust and Transparency

08-07 Fear vs. Fundamental

07-07 Rumors . . .

06-07 Seasoned Investor Reacts

05-07 Are We There Yet?

04-07 On Work and Leadership

03-07 What You Don't Know Can Hurt You

02-07 A Disconnect-Performance & Stock Performance

01-07 What is Your Time Horizon?

12-06 Getting it Right

11-06 As the (Banking) World Turns

10-06 Nobel Prize, Gonzo Banker & New Feature

09-06 The Consensus is (Mostly) Wrong

08-06 von Mises, redux & why the South is Rising

07-06 On the Power of Persistence

06-06 The answer is..Bernanke and al-Zarqawi.

05-06 Free Mkt Capitalism, Banks & Louis Rukeyser

04-06 Six Years and Other Thoughts

03-06 Signs of Spring

02-06 This Can't be Right!

01-06 On the Other Hand . . .

12-05 Gloom and Doom?

11-05 The Best Time to Invest

10-05 Is There Value in Growth?

09-05 The Yield Curve, Growth and California

08-05 Making Hay While the Sun Shines?

08-05 Are You Overweight?

07-05 Too Good to be True?

06-05 Mark Twain on Investing - Styles and Sectors

05-05 Sell in May and Go Away

04-05 The Last Five Years

03-05 Special Edition - Hedge for Your Portfolio?

03-05 The 11th Myth of Bank Investing

02-05 What about Beta?

01-05 Alfie and Alpha

12-04 Special Edition-The Right Time for Banks?

12-04 New Trends & Old Myths

11-04 Election Flash-Dividends & Capital Gains Win

10-04 Myths about Banks & Thrifts

09-04 Sell in May and Go Away

08-04 Observations 2nd Qtr 2004 & Rest of the Year

07-04 Barron's Finally Finds Banks

06-04 The End of Bank Stock Performance?

05-04 Surprising News about Dividends

04-04 Special Edition-Banks Score Top Ranks

04-04 Bank Stocks When Interest Rates Rise

03-04 Earnings Guidance & Bank Survival

02-04 Future of Small Banks

01-04 2004 Year of Dividends and M & A?