West Coast Bancorp

  • New Banking Powerhouse in the Pacific Northwest?

    By Mike Thiessen - January 29, 2013 | Tickers: COLB, WFC, WCBO

    In late September of 2012, Columbia Banking System (NASDAQ: COLB) formalized its intention to acquire regional rival West Coast Bancorp (NASDAQ: WCBO) in a cash-and-stock deal valued at about $505 million. The company would become the largest thrift-style community bank based in the Pacific Northwest region of the United States. Although it is currently the subject of a pending class-action lawsuit, the deal still appears likely to close as planned more »

  • Billionaire Michael Price’s Latest Stock Picks

    By Meena Krishnamsetty - November 15, 2012 | Tickers: Y, C, INTC, WCBO

    Billionaire Michael Price’s MFP Investors is a value and activist hedge fund that Price founded in 1998 after earning considerable money from the sale of Heine Securities. We have gone through the fund’s 13F filing for the end of September, and while there was little activity at the top of Price’s portfolio we think that we’ve been able to pick out some of his thoughts on more »

  • Billionaire Michael Price’s Top Two Stock Picks

    By Meena Krishnamsetty - September 11, 2012 | Tickers: ARMH, INTC, TXN, USB, WCBO

    MFP Investors, managed by Michael Price, is a New York-based activist hedge fund focusing on value investments. Founded in 1998 after Price sold Heine Securities to Franklin Resources for $670 million in 1996, MFP Investors uses a value investing approach with a dash of contrarianism thrown in for good measure. The hedge fund manager acquired his analytical chops from the late Max Heine, whom Price worked for beginning in the more »