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Wilshire Bancorp Inc. Message Board

  • latigokid latigokid May 9, 2011 5:39 PM Flag

    underwriters

    so typical not of WIBC to choose underwriters who do no other business with the company and to not include any of the firms that write research on them. I will not be suprised it all the firms that cover them bad mouth them privately.

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    • I would tend to view using other firms as a positive as it avoids conflicts of interest. Just my opinion; one can argue otherwise.

      Regarding bad-mouthing them privately, you are certainly correct. Who wouldn't be ticked at them given the massive losses suffered by investors? They made the analysts look like idiots.

      • 1 Reply to cohsgrad
      • The analysts cover them and expect to be paid back by being included in under writings. Then the company hires big JPM who does not know the niche bank space and who could care less about such tiny market cap banks while the firms that cover them specialize in banks like this. Oh well, these K-A banks are notorious for "relationships." mark my word, the analysts will trash talk these guys in private while writing luck warm public comments in further reports.

 
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