ADDING FULL POSITION IN BANK OF THE OZARKS

Bank of the Ozarks, Inc. is an Arkansas chartered bank. They provide a range of banking services such as mortgage lending, trust and wealth management services, treasury management services and online and mobile banking services.

JUSTIFICATION Our valuation based approach led us to sell this stock in December 2016 at $52.00, making a $12 per share profit. Now the bank has sold off on the news that its chief Lending Officer has resigned. Not good news, but there are many reasons why a person can resign – we think this is a massive overreaction that will pass and creates an interesting opportunity to buy a good quality bank. We reiterate that earnings drive stock prices and OZRK earnings should continue to perform well. The Purple Chips 12 -18 month target is $56.00.