What am I missing? I just wanted your opinion about the following company HomeStreet Inc. (Ticker: HMST) in my portfolio. The company to me looks impressive:
- Management (Mark Mason turnaround expert).
- Good and improving Capital Adequacy Ratios.
- increasing NIMs
- Truly impressive mortgage origination and reselling business.
- Seattle Area Economy and Housing is making significant recovery.
- ROE is 35%, PE 3.5 times, P/B is 1.1 times.
I appreciate if some of you can take a look and tell me what am I missing?? I will be posting the same on HMST bullboard.
Regards