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Opinion on  SunTrust Banks Inc. (STI)     Sector: Financial  >  Industry: Regional Banks
Under Priced and in better shape than it appears.

Jun 27, 2008 11:34 PM UTC
Return Risk
-37.11% LOW
Analyst

The book value of this bank is approximately $55 and its selling for 37 and change.  Might drop to $34 before making a move higher but its an excellent stock for long term and pays a nice dividend.    We're going to be seeing a lot of banks bite the dust soon and STI will be around to pick up some attractive pieces.  Now is a good time to buy it and hold for a nice double or triple in 36 months.

 


STI:  This call was made on 06/27/08 @ $37.06
Rating:   Positive   $37.06 (06/27/08)
Gain/Loss:   -28.01% in 194 days
Target:   $55.00 (+48.41%) in > one year
Allocation:   100.0% of portfolio


Comments (2)

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wlu8140   78%     0 point   commented 184 days ago reply

Earnings on the 22nd will tell the story. I think it's going to be a big miss, I and also think that Jpm will decide on WB over STI. If both occur then this stock could lose another $10 to $12 before it settles. I think by today's move (even when the market was up 100) it being down almost 10% is saying that investors believe this to be the case.

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crockercroaker   N/A     0 point   commented 179 days ago reply

Investors have been wrong all most to a tee. Bet against the investors and load up.


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