Seeking Alpha

Cabeza Howe

 
View as an RSS Feed
PRO Top Ideas
Top Ideas are high-conviction long or short ideas focused on market mispricings with asymmetric risk/reward profiles.
  • First Internet Bancorp: At Least 70% Upside By The End Of 2015
       • Fri, May. 30 INBK 24 Comments

    Summary

    • INBK is riding the secular online banking wave to rapidly grow deposit base as well as consumer and residential real estate loans.
    • INBK is rapidly growing commercial loans at the right time of business cycle. This will enable it to reap superior returns in the next few years.
    • INBK is well positioned for the rising-rate environment, with a huge base of variable rate loans, underutilized deposit base, and management track record in handling rising rate.
    • 3Q14 will be the inflection point when revenue and net income growth returns. It will be followed by gangbuster growth in 4Q14 and FY15.
    • INBK has at least 70% upside by the end of 2015. It is trading at below book value while growing at 10 times the rate of peers.
  • Energy Recovery Inc.: Look For Better Second Half And 2015
       • Wed, Jan. 29 ERII 11 Comments