Profit Fan

Ocean Shore: Sittin' On The Dock Of The Bay, Watching The Tide Roll Away

A lot of times you find an undervalued company that's earning a decent amount of money and paying out a small dividend but something is missing. A catalyst is needed to 1) get attention and 2) spark a tangible change in operations. I have covered quite a few regional banks but none of them have had such a simple, quantifiable catalyst as the one found at Ocean Shore Holding Co. (NASDAQ:OSHC).

With a market cap of $94.59 million, Ocean Shore trades for ~$14.50 per share, just over its TBV of $14.35.

A glance at returns won't get anyone excited but the company just announced the first phase of a plan that will immediately save ~434K a year with...

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