This is a nice overview, but a couple points of clarification:
You say "Northeast Bank is a regional bank serving communities in Maine, New Hampshire, Vermont, and Massachusetts, as its name suggests." Not entirely true. NBN's Community Banking Division is in Maine while the Bank lends Nationally. It does not have branches in New Hampshire, Vermont, or Massachusetts.
You provide a summary of Northeast Bank's Community Banking Division which must have been AI-generated because of how glowing it is in its description. Simply put, there is nothing unique or special about the Community Banking Division other than its deposit pricing which is used to gather capital which ultimately fuel the National Lending Division.
Where did you get the Northeast Bank logo from? Interesting that you were able to find that somewhere... it's very old.
Thank you for your comment. I have amended the communities that it serves to just say Maine. Thank you for the correction.
I already state that it is national on the credit side of the business.
None of my content is AI generated, although I take your comment as a compliment since you seem to be suggesting that my analysis is very well drafted on a par with something that could be AI created (thank you).
The Manolete thesis is still in tact. The valuation is ridiculous. The price was recovering until Trump decided to wreak havoc on the global economy, sending all global indices lower. The recent softness in price has nothing to do with the economics of Manolete - as they say, when the tide goes out, all ships sink. Manolete's next earnings call is mid-April. I look forward to it.
This is a nice overview, but a couple points of clarification:
You say "Northeast Bank is a regional bank serving communities in Maine, New Hampshire, Vermont, and Massachusetts, as its name suggests." Not entirely true. NBN's Community Banking Division is in Maine while the Bank lends Nationally. It does not have branches in New Hampshire, Vermont, or Massachusetts.
You provide a summary of Northeast Bank's Community Banking Division which must have been AI-generated because of how glowing it is in its description. Simply put, there is nothing unique or special about the Community Banking Division other than its deposit pricing which is used to gather capital which ultimately fuel the National Lending Division.
Where did you get the Northeast Bank logo from? Interesting that you were able to find that somewhere... it's very old.
Anyways, nice overview.
Thank you for your comment. I have amended the communities that it serves to just say Maine. Thank you for the correction.
I already state that it is national on the credit side of the business.
None of my content is AI generated, although I take your comment as a compliment since you seem to be suggesting that my analysis is very well drafted on a par with something that could be AI created (thank you).
Does your thesis remain the same with $MANO ?
The Manolete thesis is still in tact. The valuation is ridiculous. The price was recovering until Trump decided to wreak havoc on the global economy, sending all global indices lower. The recent softness in price has nothing to do with the economics of Manolete - as they say, when the tide goes out, all ships sink. Manolete's next earnings call is mid-April. I look forward to it.