Prior to some shady dealings with W Holdings and Doral, this bank corporation was a $32.00 stock. During the downfall of almost all of the banks, FBP did drop down considerably, partly due to the SEC investigation which followed the violations by the… More
FBP has an illiquid balance sheet and a too high valuation compared to its sales potential. It is also one of the most loss making companies at least until 2011. It also booked huge Loan Loss Provisions of $148 million in the last 2009-09 quarter,… More