Stock Traders PressIndependent,
Unbiased Financial Research
Our Independent Research Staff
originally recommended this profitable bank stock at $4.00.
Within 3 weeks, the stock jumped 40% to $6.00. The stock
has pulled back on profit taking and is currently trading
at $4.70. We are reiterating a Strong Buy and are increasing
our price target to over $8.00 per share
Time to BUY again here's
why!
This bank has earned $1.00 per share for the
1st 9 months of 2002
This quarter the bank is expected to earn $.35
- .37cents.
For FY '02 this company is expected to earn over
$1.35 per share!
A conservative P/E of 8 would dictate a $10.80
stock
That's a potential gain of 130% from current
levels of $4.70 per share.
Our target price of $8.00 - $9.00 is quite conservative
Current Book Value is $5.88.
This profitable bank is trading at a 25% discount
to book value.
This price disparity won't last long
This company also has over $2.27 in cash per
share (based on 75 Million shares outstanding).
It pays a dividend yield of 1.7% (comparable
to a 2 year bank note)!
This stock has all the key ingredients for a
successful investment.
The market's extreme volatility has caused several
good stocks to become mis-priced!
Opportunities like this don't come around too
often!
Fundamentally and technically,
this undervalued Bank stock is a STRONG BUY!
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Stock Traders Press
Independent,
Unbiased Financial Research