Wilshire Bancorp, Inc. (NASDAQ:WIBC)

CAPS Rating: 4 out of 5

A bank holding company offering a range of financial products and services primarily through its main subsidiary.

Recs

1
Player Avatar addedupon (97.21) Submitted: 9/11/2009 9:09:50 PM : Outperform Start Price: $7.50 WIBC Score: -38.19

one of the best managed, well capitalized small banks; serving asians, particularly koreans in LA and elsewhere in the southwest, aggressively but carefully expanding to Flushing, NY and beyond; FDIC favored this gem with recent low risk/high reward takeover. heavy commercial exposure has kept the stock south of its value. but risk to Wilshire is more moderate to relatively low given conservative loan to value on properties.

Member Avatar addedupon (97.21) Submitted: 4/28/2011 10:22:46 AM
Recs: 0

i have been too slow in issuing a mea culpa on this. ceo has been fired, more write downs than i expected, nothing but weakness during the past year. hanging on to the buy here only for MF game strategy.

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