by Fred Fuld III
Supposed you asked someone where they put there money and they said Crazy Woman, would you think they were crazy?
Well maybe they wouldn’t be.
There is actually a bank holding company called Crazy Woman Creek Bancorp Incorporated (CRZY), which you can buy stock in, by the way. It was founded in 1936 and is based in Buffalo, Wyoming.
How’s that for stock market trivia?
The stock trades over-the-counter on the Pink Sheets.
It trades at a very reasonable 6.11 times trailing earnings and pays a dividend withy a forward yield of 1.48%.
The company posted the third-best performance in their 87-year history, with an annualized return on equity (ROE) of 10.41%.
The net interest margin at September 30, 2023 of 3.51% is above the state average of 3.31%.
As of September 30, 2023, the Tier 1 Leverage Ratio was 9.37%, which substantially exceeds the current definition for “well-capitalized” institutions. Also as of that date, the bank had no foreclosed or repossessed assets.
Would I be crazy for owning Crazy Woman shares?
If you want more investment trivia, check out the book.
Disclosure: Author didn’t own any of the above at the time the article was written.