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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (35405)	10/26/2009 11:51:16 PM
From: Spekulatius	Read Replies (1) of 78476

SSBI, OSHC SSBI's earnings are pretty lousy. A huge loan has gone bad and the loss reserves look pretty skimpy now reuters.com I wonder if it's tied to Carinalli, the biggest landowner in Sonoma county that recently : pressdemocrat.com pressdemocrat.com Carinalli was loaning money to an convict (Soderling) whose company "Ripp it" wanted to build houses at Borax lake. This is no joke. Funny story unless you loaned money to these guys. I don't know if it's related to Summit State banks bad loan, just speculation on my part. In the meantime OSHC earnings look great. Credit quality is very good, yet the stock still trades as if they are affiliated with the Sopranos. reuters.com

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