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  • Fish2026 Fish2026 Aug 5, 2009 12:07 PM Flag

    So what kind of health is this bank in?

    Aside from the illiterate guy -everyone made some good points. I have said this is a high-risk high possible reward stock. 8% is quite high for NPA's and the bank is struggling. They did improve capital with asset sales and New Mexico is a great market.

    If the bank makes it - the history of New Mexico banks is to sell at a higher premium to book than most other states. This bank was formed in 1922.

    I like this investment only for high risk capital. I still like UWBk which is up a bit as well as CNO and NRF all three have some risk but each of them has improving financials.