PFF Bancorp was a legitimate lender back before the bubble. Their stock price was on the rise and just before 2007 the stock price was just over $36PPS.
Until PFFBQ loses it's 'Q' status, it looks like this stock will be traded for short term profit. Even when PFFBQ emerges out of bankruptcy the stock might be shaky in the beginning due to profit takers which should be construed as your normal market corrections...chart-wise.
This stock should be looked at as a long term investment, even though there will be points where profits could and should be realized.
Even though I doubt we'll see the stock at $36+PPS again... IMHO it won't be, and shouldn't be, considered a penny stock. It's just a matter of time before PFF Bancorp rises again.
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