No. of Recommendations: 0
Brand new 52 week low today on a significant price tank due to earnings loss report. Common stock and preferred down huge today. Annual Yield in the 15% range now. Any thoughts or input, drop a line here.

Looks like interest payments deferred/stopped according to link report below. Scroll to bottom. This might not look that good after all. They do not give a specific date of when interest payments resume.

The culprit that caused a surprise $4M reported loss was mainly as a result of new appraisals received on collateral dependent commercial real estate loans from states outside of our home markets of Oklahoma, Texas, and Kansas. Also looks like non-performing assets nudged up. There are some pluses though such as Tier 1 capital, etc.

So this is what it felt like buying bonds, pfds, etc. in 2009?! -- This trust pfd asset was selling for $27.00. Right now fetching $18.75. I have not bought any yet. Further DD needed.


http://finance.yahoo.com/news/Southwest-Bancorp-Inc-Reports-......
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