iShares S&P US Mid-Cap Index ETF T.XMC

Q2 webcast is only 11 minutes long

[freddy1966]

Only two questions from investor community.

Ivan not even present.

Q2 results themselves were "OK".  Not great.

No mention of the lawsuit.

Competition is tough.

I did a web based search that revealed no new news.

Application to be a bank remains "in process".

So what are XMC's prospects ?

Opinions ?

Freddy1966

[LongRoad]

Freddy, in my opinion, with the bank license Xceed can develop a business model as an alternative lender to the big banks, which although will never be as big as mainstream mortgages, will be a very lucrative niche earning good if not great returns.  I am not talking about no money down mortgages, but rather the more difficult type of mortgages (self-employed, for example) that tend to be