Saturday, January 28, 2017

Stilwell Letter to HopFed Bancorp, Inc.

Second, any fool can grow a bank substantially in asset size over 16 years. The fact that you equate asset size to “enhancing long-term shareholder value”—as opposed to per share book value or per share earnings or return on equity or return on assets is perhaps why you don’t understand what a truly poor job Mr. Peck has been doing.


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Anonymous said...

HaHa. Thanks for sharing. The entire letter is quite funny. You can't buy entertainment like that