Discussion in 'Stocks' started by mizhael, Oct 4, 2009.
Is it a good deal to long it now?
No. It's a huge risk. Everything depends on Minseng and whether or not they want to put enough of their capital on the line to save it, It had, I thought. a great future ahead of it as possibly the number one bank for USA china commerce. Now whoever takes it over will reap the benefits. Apparently the burden of non-performing California commercial loans is much greater than the Officers admitted to in prior reports. There are several class action suits pending. My advice would be to follow the news closely, and if it looks as though it is going to survive then buy, otherwise stay away.
decide for yourself.....
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