Off Everybody’s Radar
Update on a bank that isn’t really a bank...
Today I’m launching Off Everybody’s Radar, a new occasional feature of On the Street that is the mirror opposite of the Red Flag Radar. Finding companies that are off everybody’s radar remains a great way to discover inefficiencies in the stock market.
(This friendly reminder: My Red Flag Alerts and selected On the Street content are no longer free. But while the paint is still drying on my paywall, my introductory price remains. I will be raising prices. Here’s more on my decision to go paid, and what to expect from my Red Flag Alerts.)
A new subscriber asked me the other day... “Do you do longs?”
That’s a good question, because when I relaunched On the Street recently with the paywall, I played up Red Flag Alerts because flying red flags is a big part of what I’ve done for much of my career. It’s on brand with me… and I enjoy it.
But truth be told: I also enjoy flagging stocks that could go higher, as I did for a few years with two long-biased investment newsletters I edited, where one of my favorite long ideas was Allison Transmission ALSN 0.00%↑, which has since tripled.
The newsletter company has since disbanded, so at the risk of plagiarizing myself, I’ve since repurposed a few of those newsletter ideas here, including the likes of...
Danaher DNR 0.00%↑ ...
S&P Global SPGI 0.00%↑...
And Triumph Financial TFIN 0.00%↑ ...
I have no problem rerunning older pieces if they’re still relevant.
Especially, if they’re off everybody’s radar.
Triumph, which reports earnings later today is the perfect example. Chances are, unless you read my report here last January, you never heard of it.
Just Another Bank
After all, on the surface it looks just like another regional Texas bank.
That’s because at its core, that’s what Triumph is... and it’s that bank, oddly enough, that spawned the tantalizing part of the story…