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$2.00 -0.15 (-6.98%)
10/10/2008 4:02 PM

National City Corp (NCC)

CAPS Rating:
*

A financial holding company headquartered in Cleveland, Ohio. Primary businesses include commercial and retail banking, consumer finance, asset management and mortgage financing and servicing.

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Recs

1

Avatar semasia (< 20) Submitted: 4/10/08 2:32 PM : Outperform Start Price: $8.87 NCC Score: -42.48

NCC is selling at 1/2 its book value. It will be "acquired" by a financial institution desiring to be in its market. NCC is a well run organization with strong clients and good market share. It was "caught" by being greedy and seeking to reach too far through its home mortgage business. This will be a buy-out play sometime within the next eighteen months. While you wait you will be receiving a good dividend, currently about 9%.

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Avatar rockerchick42 (57.90) Submitted: 4/11/08 8:15 AM

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Riden the storm out.

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