Mack has quietly embarked on a restructuring program that should improve profitability and create substantial value for shareholders over the next two years. One wild card catalyst is a potential purchase or merger of equals.

I think the Fed's in a box here, and they really don't have a choice but to raise rates. Rebuilding from the hurricane will be an economic positive next year, you have concerns about inflation, and you have the housing bubble. I don't think they can stop.

I think the Fed's in a box here, and they really don't have a choice but to raise rates, ... Rebuilding from the hurricane will be an economic positive next year, you have concerns about inflation, and you have the housing bubble. I don't think they can stop.

Now, there's more value to be unleashed.

the securities that were deposited ... were essentially of no value.

They have a new management team in place that I'm hoping is going to flesh out the value of the brand and rebuild their business lines.