I have been trying to pick up some of the preferred and so far I haven't had any luck. Anyone out there own any?
lex,this is not UCBH.don't be silly.
Any investment that needs praying is a gamble. Most likely they will have another bad quarter. I don't expect them to do any better than UCBH. Take a look at where the portfolio loans are at. Good short candidate if you can borrow some shares.
I tried to pick some up a long time ago and I put a bid in at the ask price and it did not fill. I could not figure it out so I never tried again.
I am making my 3rd attempt now. So far, no luck.