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Prudential Bancorp: A Forgotten Thrift Conversion That Could Return 50%

Prudential Bancorp (NASDAQ:PBIP) is a one-time thrift conversion that has been completely forgotten by the market, yet it’s repurchasing stock and has noted activist investors with significant stakes. In a buyout scenario – which is typical of most thrift conversions – the stock could be worth 50% (and maybe 60%) more than it’s currently fetching in the market, and it can be sold at any time.



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