Thesis: Great Southern Bancorp (GSBC) expanded its geographic footprint through four FDIC-assisted acquisitions, transforming from a one-state to a six-state regional bank. This once-sleepy and still unnoticed bank has at least 40% of upside as its new MSA markets begin to originate an avalanche of new business.
In the aftermath of the 2008 market debacle, financial companies traded at massive discounts to their book value. In hindsight, they were stunning buys. Only a select few banks possessed both the foresight and balance sheet to take advantage of these bargain basement prices and make once-in-a-generation acquisitions.
Great Southern Bancorp was one of these rare banks with the cash and the wisdom to build a financial empire on...
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