Digging through companies, trying to find something underrated and interesting to pick up as a new investment. This is always a little fun, yeah?
Using Simply Wall Street and other sources, I came across First Bancorp [FNLC].
Banks are pretty freaking boring, but sometimes things look so good, you can look past the boring.
Simply Wall Street is showing First Bancorp as 50.6% undervalued. That’s pretty freaking good.
FNLC had a pretty terrible month, and I am struggling to find why. Looking back over the past five years, Bancorp has been this low before, even slightly lower. But it has come back every time.
Feels like getting in now and sitting on it until it gains a few dollars would be a solid plan.
UPDATE:
…
I guess it was a good thing I was broke this past week and didn’t buy a little bit of Bancorp, looks like it had a rough week. Maybe this one?…
…
*Heads up: Simply Wall Street is an affiliate of mine. Also, a Disclaimer that this site doesn’t know what it is talking about most of the time – you should do your own research and stuff.
…
