Management of UMPQ know what they are doing ! Third quarter earnings will be announced October 16th. The availability of RELIABLE corporate numbers so quickly is in itself an indicator of good management. Most of their loan problems came with the acquisition of California properties and are being attended to. Carrying a book value of about $20, UMPQ is an outstanding value, imo. pv
I don't plan to touch our relatively small holdings for ten years, all else notwithstanding. I'm thinking it's one to hang onto as well, particularly since it would be stupid for me to sell now. And the short hold came off, no huge deal, and Dave Edson/Brad Copeland re-upped for another five years.
I think there will be good deals out there (UMPQ would be one now or soon) for people willing to spend the time doing personal research.
In this free fall market, never before witnessed in our lifetimes, all bets are off. Anything can happen and has.
However, at UMPQ, what is important to me is the historic trail of NET INCOME subject to share distribution and reliability of accounting numbers. UMPQ has done it right 90 percent of the time during the past 50 years. They have done well and have the track record to prove it. Good luck. pv