4. Buybacks on the Bayou
If you grew up in a small town, you know Teche Holdings (TSH).
My wife’s family hails from Acadiana, that part of Louisiana settled by French-speaking farmers and fishermen. When we visited there, I noticed lots of billboards for Teche Federal Bank. The bank (pronounced Tesh) is named after the beautiful Bayou Teche, which runs through the region. Upon returning home, I immediately went to my computer and learned it was a publicly traded company. At the time, we were looking for companies for our student research project, Burkenroad Reports. So I called the receptionist at the bank and told her what I had in mind, thinking she’d leave the bank’s CEO or CFO a message, then my people could talk to his people, and so on. ...
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