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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (21684)	7/15/2005 1:42:55 PM
From: Paul Senior	Respond to of 78773

UCBH and "pricey" Analyst evaluation metrics for banks do not focus on p/e or p/s. On the metrics analysts generally use, I suspect UCBH is pricey. OTOH, if one looks at UCBH as a being in a consolidating subsector (which it is) - Chinese-immigrant-American or even Asian-immigrant-American (here I'd include the several Korean-American banks and any Vietnamese-American banks (I'm on the lookout for any)- then the the stock of UCBH would be less pricey because UCBH, as a sector member, has strategic value to an acquirer. Here the metric is based on past acquisitions, and I believe (I can't find my notes) that the metric guideline is dollars paid for the bank divided by the bank's total assets. Sorry I missed the excellent run up in the these (Chinese-Am.) banks when they were first discussed here. East West Bancorp comes to mind. finance.yahoo.com Korean-Am. banks have also been discussed here. Sold Hanmi (the leader here) too soon. Passed on Wilshire as too expensive - but its stock's also done well,terrifically well, subsequently: finance.yahoo.com