Daily Brief Financials: Citizens Bancshares, Mercury General, Greentown China and more

• Citizens Bancshares Corporation is a well-managed bank based in Atlanta, Georgia trading for less than six times its earnings and 64% of its adjusted tangible book value
• The bank has potential for significant earnings growth in the next few years, is overcapitalized, minority-owned, and caters to minority customers
• Citizens has a profitable history spanning over 100 years, received funds from the Emergency Capital Investment Program, and is a member of the Community Development Financial Institutions Fund.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Mercury General, founded by George Joseph in 1961, is a major player in the insurance industry, specializing in personal auto, homeowners, and commercial auto insurance
• George Joseph, now 102 years old, remains actively involved in the company as chairman and owns 35% of the company, with his wife holding another 16.5%
• The Josephs have held onto their stock for decades, with George’s compensation remaining modest at around $1.5 million a year, relying on dividends for income

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

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