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Umpqua Holdings Corporation Message Board

  • mt1thomas mt1thomas Oct 15, 2007 5:32 PM Flag

    I don't get it

    I'm no expert but from what I have been able to gather it seems that UMPQ should not be trading at or near 52 week lows.

    I can see that financials in general are out of favor right now but I thought UMPQ has a reasonably conservative lending policy.

    Is this just a case of throwing out the baby with the bath water or am I missing something else entirely?

    TIA for productive discourse.

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    • I believe there is some CA exposure from the acqusitions of Western Sierra and Bank of the Redwoods. On the other hand, that does spread risk. I also follow CACB and I don't think its risk is as well spread. Here's an idea: SLC real estate market is just starting to poop out. See if Zions starts to go down.

    • This stock is heavily shorted (about 12% of the float) so there are lots of people betting that it will go down significantly. So far it's been a successful strategy. I wonder what they think they know.

      • 1 Reply to joeseferyn
      • chickendog Oct 16, 2007 9:49 AM Flag

        this week's conference call will tell a lot - my guess is that davis still doesn't have a clue how to get it under control and that the board is running for cover - i don't think anyone on the board knows what to do to stem the profit bleeding. they are probably secretly trying to find a buyer to get them out of this spiral and we, the shareholders will get burned while they sneak out of town.i've seen it happen before - when NBAN (their last bank purchase)had similar troubles. they couldn't correct them and saw no future so, they sold to umpqua and were never heard from again. watch out below.

    • May I suggest this article to you:
      This clearly written piece describes the financial problems of Citibank in connection with the sub-prime loan debacle and it's overshadowing impact on most of the financial markets in the US, including, imo, UMPQ.

      UMPQ is a bargain at $19, or less. Reporting no involvement in sub-prime loans, they have grown from four offices to more than 140 "stores" in several States during the past 50 years or so. They are "straight-up" from what I have seen during the past 40 years, with second generation of the founder still involved. Good wishes and good luck...

      • 1 Reply to pvbud
      • I do hope u realise that the son of the founder who was on the board... up until about six months ago....was asked to leave the board by the board chair... and the ceo.... it would seem that they possibly are the problem here...the board chair being the son of a successful business man....not a self made business man .... one who sees rosey senerios in each and every new aquisition......

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