Unconventional Capital Wisdom
Value, long-term horizon, worldly wisdom, growth at reasonable price

Recapitalization Rhyme: Central Pacific Financial Shows How First Security Group Is A Long-Term Win

"Luck is what happens when preparation meets opportunity."

-Seneca

"History does not repeat, but it does rhyme."

-Mark Twain

First Security Group Inc. (NASDAQ: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 (NYSE: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.

Company...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details