First Mountain Bancorp (FMBP.OB) Has No Sub-Prime Business
Why should investors buy or even hold stocks of an organization that reports decline in business and earnings for 2007? There are good reasons for doing so when the organization involved is a financial institution, because 2007 has gone down in history as the year of sub-prime. It has also been a depressed year as far as economic and business conditions in many parts of the United States are concerned. Discerning stock market players will take encouraging note of the 2007 business results for this holding company that wholly owns a local bank in Southern California. The company has increased…