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

To: Lazarus who wrote (68165)	7/23/2021 1:57:48 PM
From: Lance Bredvold	2 Recommendations Recommended By Lazarus petal Read Replies (1) \| Respond to of 79043

Hi Lazarus; On bank valuation. I have become disproportionately invested in banks this last few years. They have done well. Particularly small banks and bank chains. But I notice that PPP loans seem to be a large part of some banks loan portfolio and they seem to be serendipitous opportunities since I don't know that the SBA will keep guaranteeing and paying back so many of those loans risk free. Not really expert knowledge, but a possible explanation for outsized valuations which are currently coming down. My largest holding (GBCI) just reported another blockbuster quarter, but much of their valuation is in the acquisition game along with PPP loans.