Wilshire Bancorp, Inc. (WIBC)
A bank holding company offering a range of financial products and services primarily through its main subsidiary.
Recs
Giving thumbs-up to a basket of banks buying other failed banks
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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.
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In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.
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Suffered tremendously with the recent sub-prime meltdown. However, continues to have strong earnings growth and a dividend yield of 1.5%.
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The important people said so.
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great company
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Nice bank whose stock is bouncing along the bottom, waiting for any reason to start a nice climb.
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Quality company, low valuations cf growth rates.

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