No. of Recommendations: 2
@Dealraker - Thanks for sharing this idea and some of the history behind it. I will definitely look in to East West
Speaking of banks, do you or others have any opinion on C? It trades at like .5 times tangible book, has an ROE of 6.5%, and trades at 7 times forward earnings, 20% below its 5 year average. At 41$ its share price is 20% lower than it was 10 years ago.
Everything has a price, and this yields north of 5%, but looking at the chart on this I have to ask myself what would the catalyst be to turn this battleship around?
