Benj Gallander Fidelity Southern LION-Q COMMENT Oct 08, 2014

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.

Smaller bank out of Atlanta. Thinks it could double again. Capitalization ratios are excellent. A lovely niche player.

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.

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.