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5 pts

Opinion on  National City Corp. (NCC)     Sector: Financial  >  Industry: Regional Banks
Bear Market Ending

Jun 11, 2008 09:18 PM GMT
Return Risk
+22.12% MID
Sr. Analyst

Recent News   Favorable/Unfavorable Valuation  

I know the talking heads agree it is too early to start bargain hunting financials, but I disagree.  NCC particularly has potentially raised enough capital already, yet it is trading like a Washington Mutual.  Additionally, the SEC investigation weighs heavily on them, but the end of that investigation will bring a round of upgrades or bankruptcy.  I think it'll be the former.  Short-run this may fall another 20% on volatility in the market, but long-term it'll lead to handsome returns.


NCC:  This call was made on 06/11/08 @ $4.62
Rating:   Positive   $4.62 (06/11/08)
Gain/Loss:   n/a in 1446 days
Target:   $7.00 (+51.52%) in Six months


Comments (4)

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Who voted on this idea?
vg_06@yahoo.com N/A 06/11/2008



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