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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (29295)12/20/2007 9:59:58 AM
From: Paul Senior  Read Replies (3) of 71231
 
Wallace Rivers. Okay, I'll to build on this idea of small regional banks.

I'm going go now with the ethnic-related banks - Chinese/Korean. I'll assume there's lots of commercial loans with them, and to the extent that they were making home equity loans, if they were made to recent immigrants, those immigrants have a strong culture of wanting homes, and of being responsible and making strong efforts in paying on their debts. (As perhaps might also be true for other/all immigrants to USA.)

Taking very small exploratory positions in HAFC and EWBC.

finance.yahoo.com
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