Benj Gallander Fidelity Southern LION-Q BUY Jan 18, 2013

A small local bank that he bought. Has had about a double out of it so far. It used to give a stock dividend but now it gives a cash dividend. Can see this one doubling from this point. Beautifully run bank. Good balance sheet. Capitalization ratio is good.

Paid $3.36 for this, and has a target price of $18.74. When he bought this, it paid a stock dividend. Now they are paying a share dividend, and it wouldn’t surprise him if this increases.

It used to pay a stock dividend, but now pays cash, which he likes. Feels that it has $4-$5 upside. The system that he uses, he is always looking at a minimum of 100% upside, often 200%-400%, so he wouldn’t buy it at this point in time. For people looking for smaller gains and a nice dividend, he could see why they would do it. Good management. Good financials and they are doing very, very well.

This has done really well. He paid $3 and change and it is now at almost $16. Has this targeted at better than $18. Thinks it has further upside, although more muted. He would love someone to come in and take this one out.

Sold his holdings at about $18.74. At this price it is pretty fairly valued. If the market keeps on tanking, this potentially has a long way to go down because it had gone up such a long way.