Soren Peterson

Bank Analyst, Writer, Value Investor | Co-author of Early Bird

[Soren Peterson @PillarsProfits]

My investing style has evolved over the years

Now with Pillars And Profits tracking my core portfolio I wanted to distill down the "pillars" that make this portfolio effective.

7 Core Pillars 👇

[David Diranko @DavidDiranko]

New deep dive is out with the strong support of my good friend and banking expert @PillarsProfits:
✅Small Bank with improved cost structure post-merger and a strong deposit franchise at a 14% ROE and 12 P/E
✅ Paid subscribers can access our proprietary Bank Analysis Spreadsheet

[Soren Peterson @PillarsProfits]

David's piece on California Bancorp $BCAL:
https://t.co/jxsssn05Bz

[Soren Peterson @PillarsProfits]

Californian banks are uniquely positioned for low-cost deposits and growth in local markets

Work with @DavidDiranko, we covered 2 Californian banks that are especially interesting.

I covered CalPrivate $PBAM and David covered California Bancorp $BCAL https://t.co/nYq2arZhLB

[Soren Peterson @PillarsProfits]

$RACE $CNH $PHG $CLVT and more are all major holdings of Exor

Not to mention the company's private holdings and investment management business.

[Soren Peterson @PillarsProfits]

John Elkann is one of today's best capital allocators

The largest shareholder of Ferrari, the new majority owner of Juventus, and now new player in the investment management space, Exor isn't like any other capital allocation company.
https://t.co/NeFha3P1cR

[Soren Peterson @PillarsProfits]

I went to Stockholm to conduct some on-the-ground research of 'Sweden's Most Tight-Lipped Bank,' Svenska Handelsbanken.

The bank has been a leader in efficiency and asset quality, but we are entering a new world of banking.

How do they tackle this?
https://t.co/2FnGOOnlAb

[Soren Peterson @PillarsProfits]

In Stockholm for some on the ground research

What are your favorite Scandinavian bank stocks? And Scandinavian compounders?

[Soren Peterson @PillarsProfits]

Svenska Handelsbanken, "The Strongest Bank," is guided by the 7 Deadly Sins of Banking

The bank has not only survived but prospered through recessions and banking crises.

But what are the 7 Deadly Sins of Banking?

https://t.co/4sWJesiYMN

[Soren Peterson @PillarsProfits]

FFB Bancorp $FFBB a hot topic since last winter.

The bank has the potential to be one of the most interesting Davis Double Play opportunities for bank investors.
https://t.co/goblY2DOsm

[Soren Peterson @PillarsProfits]

Full post:
https://t.co/NLZRgAIWRd

[Soren Peterson @PillarsProfits]

I recently purchased something online. We've all seen the buy-now-pay-later offerings, but up to $30k is extreme.

This emphasizes something I laid out in my most recent post (linked in comments).

[Soren Peterson @PillarsProfits]

I hope I did your ideas justice @ProfJohnTurner @wquinn05

[Soren Peterson @PillarsProfits]

We are experiencing elements of a case study of a financial bubble, and most don’t even realize it.

Here are some thoughts in today's context based on ideas from @BoomBustBubbles
https://t.co/JBkjFAqjbX

[Soren Peterson @PillarsProfits]

I was brought up learning the principles of value investing.

Starting with Graham's mispricing and adding Buffett's quality.

These opportunities consistently come from bank investing. To find them, there are a few important dynamics to understand first:
https://t.co/z1o3t5eF52

[Soren Peterson @PillarsProfits]

@ValleyFallsRI Haha I appreciate it! I am confident in the team there without me

[Soren Peterson @PillarsProfits]

@ValleyFallsRI I loved my time there and learned a lot! However, I worked/interned somewhere else this past summer.

[Soren Peterson @PillarsProfits]

Since May, I have been working for an investment fund covering banks.

Now I'm back and excited to be posting every Thursday!

Here is my first post and a taster for what is to come (link in comments).

Reply with any companies you think I should look at.

[Soren Peterson @PillarsProfits]

For more and some commentary on the charts:
https://t.co/tZBMTISRdw

[Soren Peterson @PillarsProfits]

A thread of charts on $OVLY:

[Soren Peterson @PillarsProfits]

3/ Interest Income / Avg Assets and Interest Expense / Avg Assets