Detroit Bear
Deep value, special situations, long-term horizon, value

Meta Financial: A Small Bank With Limited Financial Risk

On occasion, being overly skeptical about a certain sector can cause an investor miss out on fantastic returns. Such is my story with Meta Financial (NASDAQ:CASH), a small financial stock I've been following for nearly four years. In the wake of the financial crisis, I ruled out investing in any bank stock to make avoid bad debt and tail risk scenarios. My ignorance cost me a company that has risen from the low teens to $42 today.

Recent History

Meta Financial hit my radar a few years ago after the company's stock was rocked by a huge scandal. One of the firm's huge profit drivers, the iAdvance program, came under scrutiny for improperly preying on low-income customers...

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