Love my boys over at WSB but I’m looking for some insight that isn’t drawn with a crayon. Why is Bank of Hawaii being lumped in with all the regionals who’ve experienced significant deposit flight? Sure, they have large unrealized losses in the form of long-dated T-bonds like everyone else, but their loss of depositors has been almost negligible as evidenced by their most recent earnings.
Down 53% in 3 months seems oversold. Their CEO was buying heavily earlier this week. Even WAL is recovering nicely this week. I’m thinking about buying some July $35C for BOH. Just trying to see what I’m missing here.
Warm regards,
a WSB Friend
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