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The Last Honest Bank in America |
Rice Exports Vietnam’s rice industry came out of nowhere. The Economist has a neat article titled, “From Basket Case to Rice Basket” that you might find interesting. I highlight it now because it’s exactly what I found on my trip to Vietnam. |
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| The Last Honest Bank in America |
| Thursday, 12 June 2008 | ||||||||
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I’ve just uncovered the last honest bank in America… While other major banks have reported billions of dollars in write-downs on cheap assets, the last honest bank in America put its money in true value and has even increased shareholder equity. This bank is trading at just $20 per share. It hasn’t been beaten down. It has a 2.6% yield… and is supported by a company run by the next generation’s Warren Buffett and Charlie Munger. ![]() World-famous value vultures are even gobbling up shares of this stock. I’m going to release this next Safe Haven recommendation early next week. You don’t want to miss out. Ann Sosnowski Editor, Safe Haven Investor
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