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Stocks W / Westamerica Bancorp.


Subject:  Re: Where are all the WABC investors? Date:  12/12/2006  2:58 AM
Author:  idahofisherman Number:  18 of 19

+My wife purchased Napa Valley Bank Stock starting in 1971. This company was purchase by WABC sometime in the 90s. My wife has continued to hold this stock ever since then. She has had a good return on her investment. They have a good dividend. Her ROI for the last four years has been 14%, 23%, 20%, and so far this year 12%. I personally don't invest in financial stocks as they are to sensitive to interest rates and they depend on the whim of the Federal Reservre trying to guess what the future holds in store for the USA. I do not have a lot of faith in them. It is my belief that you will see banks become more invisible to the eyes. Real estate that they own will disappear as they become obsolete and more and more people bank online and checks are cleared at the point of purchase and the increase of debit cards. At this point they should become more profitable as the real estate disappears as well as personnel. We will continue to hold this stock as it is my wife's favorite stock. Its better than getting a divorce.
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