Stephen Rosenman
Long/short equity, deep value, special situations

Home BancShares: Efficiently Taking M&A To A New Level

Since my last report in July, Home BancShares (NASDAQ:HOMB) has climbed 30%, exactly as I forecast last year and confirming my prediction that the then 20% short position would capitulate (the short interest has since dwindled to 6.5%). Since the start of 2014, the stock has been "resting" since the start of 2014, meandering between $30 and $35. I believe the Southeastern regional is about to break out for another run higher.

Before going further, investors should know Home executes like few other banks. Just one look at the last 3 years should convince anyone of that. From 2010 to 2012, Home acquired $2.34 billion of assets through 7 FDIC-assisted transactions, 1 bankrupt bank, and 1 live bank,...

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