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Opinion on  Intervest Bancshares Corp. (IBCA)     Sector: Financial  >  Industry: Regional Banks
Bullish on IBCA ...

Aug 21, 2009 03:55 PM UTC
Return Risk
+3.65% LOW
Sr. Associate

IBCA:  This call was made on 08/21/09 @ $2.98
Rating:   Positive   $2.98 (08/21/09)
Gain/Loss:   +6.71% in 96 days
Target:   in > one year


Comments (3)

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utopius   83%     1 point   commented 89 days ago reply

you got any reasons you can produce for this interesting call? I'm interested in the company, but not sure of merits.

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AJ Edelman   79%     1 point   commented 89 days ago reply

I took a look at stocks which have been beaten down in the past 52 weeks, then took a look at their Fair value using the Discounted cash flow model. (see my latest picks on august 21st). I was somewhat generous in choosing the growth potential of this, at 10% over 10 years (thats per year), but i am aware that the market has likely seen a bottom.

For a rough calculation i used this calculator: http://www.gurufocus.com/fair_value_dcf.php

If i were investing cash in this company i would look for a bit more research than the DCF, however it is a good place to start.

I do not have actual money invested in this stock. I am currently long FNM.

I am aware that financials are also likely to be most at risk in the current climate, however i think this stock was worth a look.

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utopius   83%     1 point   commented 48 days ago reply

If their loans continue to sour, they really won't generate cash at all, no?
FNM seems like a trading vehicle, I mean, it's essentially bankrupt several times over, the gov't just didn't ax the shareholders (but will next time, since Obama ain't like Bush).


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AJ Edelman previously rated IBCA
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