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Umpqua Holdings Corporation Message Board

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  • pvbud pvbud Oct 15, 2007 7:16 PM Flag

    I don't get it

    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...

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    • 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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