Sell: Charter Financial (CHFN)
From Upside
Updated from Wall Street’s Best Investments 790, February 15, 2017
Charter Financial (CHFN) was dropped to Sell because of mixed September-quarter results. Per-share earnings were $0.17, down from $0.26, and below the single analyst estimate of $0.25. The bank incurred acquisition-related expenses of about $0.08 per share. While the stock seems cheap, it is not one we would buy today.
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, December 4, 2017