Use access key #2 to skip to page content.
$3.70 0.16 (4.52%)
8/28/2008 11:57 AM

Citizens Republic Bancorp, Inc. (CRBC)

CAPS Rating:
**

A diversified banking and financial services company which provides a full range of banking and financial services to individuals and businesses through its subsidiaries Citizens Bank, Republic Bank, and F&M Bank-Iowa.

View All Commentary (CRBC)

Recs

0

Avatar ShockBroker (< 20) Submitted: 7/11/08 12:44 AM : Outperform Start Price: $2.98 CRBC Score: 22.73

CRBC has a low P/E, but in an industry where even HAVING an E is rare, sets this one apart from the rest.
Yes, it a financial, and ordinarily I'd be avoiding anything financial like the plague, but this little one looks too good to pass up.
Today at $2 a share, and a price to book value of 0.11, this is a great stock in the bottom of the bargain bin. With 1.5BN equity it isn't going to die, and any writedowns or dilution will only expose the true book value which is not going to be 11% of the share price.
Buy it up and wait two years for it to get back to book value and you'll get a 1000% return.

I'd wait until July 17th for the rest of the earnings storm to subside and buy in, but you may not get it this cheap then.

Report this Post Replies: 0 | Reply

Featured Broker Partners