Nov. 21, 2013, 9:48 AM
- Rangeley Capital - led by SA contributor Chris DeMuth - boosts its stake in Ocean Shore Holding (OSHC +2.1%) to 7.7% from 7% and continues its call for a sale of the company. "Even using conservative price estimates, a strategic buyer would likely pay a substantial premium to acquire the company today," says DeMuth in a letter the board.
- Shortly after the news, the board announces approval of a 210K share buyback program, roughly 3% of the float. (PR)
- Previous: SA's Profit Fan and DeMuth on the opportunity in Ocean Shore
OSHC vs. ETF Alternatives
Ocean Shore Holding Co is engaged in directing, planning, and coordinating the business activities of the Bank. It operates as a community-oriented financial institution offering a range of financial services to consumers and businesses.
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