New Trading Idea - Central Federal Corporation ($CFBK)Central Federal Corporation ($CFBK) operates as the holding company for CFBank that provides various financial products and services in the United States.
It has a great chart with major breakout from a four year base at $1.75. Good entry valuation at a 9.31 P/E, 2.57 P/S, .77 P/B ratiosCFB. Consistent revenue and earnings growth, but the 4th quarter of 2015 had a $3.2 million non-cash gain on interest tax expense. This is impacting the trailing P/E ratio. If you back out this one-time gain the trailing P/E is 20.45 and based on the last quarter, the forward P/E is 15.
Looking to buy in the $1.75 to $1.85 range. Not much resistance on the way up. There’s some around $2.00 and $2.25, but nothing major until $5.00.