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Doral Financial Corp. Message Board

  • efficient_frontier2002 efficient_frontier2002 Aug 20, 2005 1:28 PM Flag

    Will BPOP buy DRL?

    Popular, Inc. (BPOP) is a large Puerto Rico based financial institution with $46B in assets. It's been growing fast largely through acquisitions.

    From its 12/31/04 Letter to Shareholders (page 3)...

    "Our business in Puerto Rico represents an interesting challenge for us. We have established a strong leadership position in most product categories and population segments, but we have seen increased competition from local and national niche players."

    hxxp://64.26.27.40/interactive/bpop2004en/md/page_001.php

    (replace the "x's" with "t's")

    IMHO, the easiest way to eliminate DRL's competition is to acquire it, especially since DRL's 8/19/05 stock price is now only 1/3 the value that the Levis purchased their insider shares back in January.

 
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