Judge it!
See Jim Jubak's report on why this is just another bank scam to make it look like things are looking up:
http://articles.moneycentral.msn.com/learn-ho...
Central Pacific net up 58.6% - Business
Full story: Honolulu Star-Bulletin
Central Pacific Financial Corp., continuing to reduce its exposure to the slumping California real estate market, posted its third straight profitable quarter and originated a record $597.5 million in residential mortgage loans in its core Hawaii market.
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In a down economy, lending opportunities are less, therefore revenues are tougher to grow. Assuming it has recognized most of its losses, it is management's willingness and effectiveness in controlling and cutting costs that will contribute to profitability. The same discipline must be applied even when the economy recovers.
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Other Recent Central Pacific Financial Discussions
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| Central Pacific to cut West Coast business - Ha... | Dec 10 | fo real | 3 |
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| Central Pacific delays $100M stock offering - B... | Jul '09 | Patricia | 1 |
| CPB parent to raise $100M - Hawaii Business | Jul '09 | You are smart | 17 |
| Inouye's bank-relief call raises brows - Hawaii... (Jul '09) | Jul '09 | over reaching | 50 |
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Daily Horoscope for December 30
Taurus
It's no good - the prospect of visiting the post-Christmas sales has become too tempting for you to resist any longer. No matter what you're doing today, you'll try to squeeze in the opportunity to dash around some of your favourite shops and see what's on offer. You could snap up some bargains but you should guard against the urge to splurge on items that you don't really want or need. The price of something may have been slashed but the acid test is whether you'd still buy it if it were full price. If not, leave it in the shop!
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