Originally Posted by
BlackPeter
Sure - they are a (much) smaller bank with (much) smaller risks. Not sure however, whether these risks are smaller compared to their size. As well - despite having no direct exposure to some of the bigger elephants in the room, they are not out of this world - and a real estate crash or significant increased unemployment coupled perhaps with higher interest rates would impact on the quality of their credit book as well.
Happy to acknowledge that they are a well run business which so far served its long term shareholders very well. Does not mean, though that there are no risks around.
BTW - I remember a well respected poster on share trader to remind us some years ago frequently that it might not be a good idea to hold shares priced well below the MA50 and the MA200 (and I am not referring to KW ;)). Wondering what happened to him? :p;