Reviewing Some Stinkers
I have spent some time this week looking over my portfolios to see what I want to add to when I decide the time is right. As a deep value investor, I have some pretty good winners and a few real stinkers. Today, I want to address the stinkers since they are the ones I get the most email and questions about. Nobody gets them all right -- but when I get them wrong, I tend to do so in a big way.
The first one is Shore Bancshares (SHBI). It was the very first bank stock I started buying as part of the trade of the decade. When I made my first purchase, the bans was trading below book value, had a strong local franchise and loan losses were reasonable and lower than many other banks. But since that time, things have gotten steadily worse for the bank....528 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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