Bank of the Ozarks (NASDAQ:OZRK) is 15% off its high courtesy of the sell-off in financials and growth stocks, giving investors an opportunity to purchase a premiere regional bank at a discount. There is much to like about this bank. However, it is management's extraordinary appraisal of the economic landscape that makes the bank a must-own and has led me to recommend the stock for the past 4 years. Unlike most other banks, Ozarks sidestepped the Great Recession by avoiding subprime mortgages. Instead of lending to unworthy borrowers, the bank invested its capital in high-yielding municipal bonds at an average 8.9% (2008 and 2009) and cleaned-up. With a fortress balance sheet in place, Ozarks acquired 7 failed banks...
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