EXITING BANK OZK (OZK-US) AT $27.59

November 5, 2018 EXITING BANK OZK (OZK-US) AT $27.59 Bank OZK, formerly Bank of the Ozarks, Inc., is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. It also provides a broad array of traditional retail banking services. JUSTIFICATION: Bank OZK shares fell following their 3rd quarter results because of an unexpected charge off of $45M on 2 real-estate loans. Based on analyst forecasts, the next 2 or 3 quarterly earnings reports will show a sharp drop in earnings which will lead to a 2nd consecutive decline in earnings. This is a difficult decision for us, but a necessary one because we know from experience that 2 consecutive declines in quarterly earnings means that the stock will be in limbo until earnings recover. In the interim, we will look for better investment opportunities.