It’s been a while since my last post. I just wanted to give everyone my general take on 2010. Below is a list of positions I have in various companies. I have also listed some sectors I like for 2010 and sectors I don’t like. Again, this is just my opinion…but I have made my bets on certain stocks that I feel will outperform in their respective sectors…
CIT Group (NYSE: CIT) was making all the noise in the market today. First, it was a rumor saying John Paulson, a big-shot fund manager, was considering merging the remnants of IndyMac bank with CIT Group. Then later today, reports surfaced about CIT Group possibly getting a $8-$10 billion loan facility from Bank of America (NYSE: BAC) and Citibank (NYSE: C). Both of these news are positive for CIT Group and their common stock rose 31.7% today to close at $2.20 [...]
There are few companies that are as hard to spell or pronounce as Susquehanna Bancshares (NASDAQ: SUSQ). Fortunately, stocks are traded by their ticker symbols and not their names so lucky for SUSQ. In any case, I am spotlighting SUSQ today for a variety of reasons. First, and most obvious, their stock went up 4.1% closing at $6.08 today. Secondly, their intrinsic value is high — a book value of $19.20 per share and ttm P/E of 36 [...]
It’s been a rough couple of days for financial stocks this week but I think there are still some hidden gems. Despite the negative sentiment towards anything financial-related today, there were a few bright spots — one of them called Intervest Bancshares (NASDAQ: IBCA). IBCA ended the day up 10% at $2.86 on almost 6x average volume [...]
I’ve had my eyes on CALC for a few days now and just noticed that it started to make a move today. California Coastal Communities (NASDAQ: CALC) ended the day at $1.70, up 13% on 6x average volume. I’ve been wondering when CALC will get some attention because it has a book value of $5.42 and yet, it trades at such a discount to book. Furthermore, the whole homebuilder sector has made a nice rally lately but CALC hasn’t made much of a move [...]
Another exciting week of trading comes to an end. For those of you who have been following regularly, almost all the stocks I mentioned in this month’s featured stock analysis closed higher from when I first covered them. This includes Pier One @ $2.78 (NYSE: PIR), Maguire Properties @ $1.33 (NYSE: MPG), CDC Corp @ $2.44 (NASDAQ: CHINA), ZIX Corp @ $2.18 (NASDAQ: ZIXI), E*Trade @ $1.66 (NASDAQ: ETFC), MGM Mirage @ $9.41 (NYSE: MGM), and NCTY @ $7.54 (NASDAQ: NCTY) [...]
Pier One Imports (NYSE: PIR) reported earnings that beat expectations today. They reported a net loss of $0.17 per share vs. $0.22 street consensus. It looks like things are finally turning around for Pier One. Sales are still weak but they have reduced SGA costs and improved operating margins significantly [...]
At today’s share price, Maguire Properties (NYSE: MPG) stock is priced for a bankruptcy. They closed at $1.33 per share which gives MPG a market cap of about $63 million. This means that the investors think MPG is completely worthless…why? Because MPG actually has more cash on hand than their market cap. Last reported, they had about $64 million cash on hand. That means, just with the cash they have, they can buy back everyone’s shares at today’s price and go private [...]
Today was a great day for most financial stocks — particularly the regional and commercial banks like Regions Financial (NYSE: RF) and Key Corp (NYSE: KEY). The move up was partly due to RF’s CEO saying that the worst has passed and that RF won’t need to raise any more money. That’s a very good sign for all regional banks. As a value investor, I was doing my research today on companies in this sector and stumbled on Central Pacific Financial (NYSE: CPF) [...]
CDC Corp (NASDAQ: CHINA) stock rose 13.5% today without any news and on heavy volume (2.5x average vol). The stock was up another 5% in the prior trading session, also on higher than average volume. It makes you wonder what’s really going on. The only thing I can think of which might be driving up CDC Corp stock the last 2 days is the impending launch of Lord of the Rings Game in China [...]
