CIT Group, Inc. (NASDAQOTH:CITGQ.DL)
CAPS Rating:
A commercial and consumer finance company providing financing and leasing products and services to clients in a variety of industries around the globe.
A commercial and consumer finance company providing financing and leasing products and services to clients in a variety of industries around the globe.
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This company has little exposure to the housing market (the sold their mortage assets several months ago). They are great position going forward as they are back to focusing on their core business (lending to middle market business). The stock is cheap with 7.7 Billion in cash (as of Sept 30) and a market cap of 1.3 BIllion.