"Luck is what happens when preparation meets opportunity."
"History does not repeat, but it does rhyme."
First Security Group Inc. (FSGI) is a small bank holding company that has recently gone through a recapitalization. What is interesting about this recapitalization is that it is strikingly similar to Central Pacific Financial Corp.'s (CPF) recapitalization in 2011, enough to give me deja-vu. I feel many investors haven't been prepared to understand the opportunity that is before them. With some historical insight and in depth analysis, I will show how history is rhyming an opportunity for us potentially to the tune of a 15% CAGR over a 10 year period and with many short-term catalysts.
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