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6 pts

Opinion on  Huntington Bancshares Inc. (HBAN)     Sector: Financial  >  Industry: Regional Banks
Under-val

Jul 18, 2008 04:13 AM GMT
Me_and_court
Return Risk
-2.14% LOW
Analyst

Fundamental Analysis  

I bought in and currently have a cost basis of $5.20.  I purchased on the down side, and now on the upside.  Huntington lost majority of it's value due to Sky bank aq, and then the sub prime crunch.  The largest worry was that the bank had gone insolvent, it hasn't and has an A- credit rating.  The dividend represents a substantial yield, and they posted earnings not losses this quarter.  Div recently raised from 11 cents to 13.25. 


HBAN:  This call was made on 07/18/08 @ $7.72
Rating:   Positive   $7.72 (07/18/08)
Gain/Loss:   -51.17% in 477 days
Target:   $13.50 (+74.87%) in Six months
Allocation:   35.5% of portfolio


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bullmarket27 previously rated HBAN
Positive +0.00% Bullish on HBAN ...
07/18/2008
0





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