Bank Mutual Corp (NASDAQ:BKMU)
A bank holding company of Mutual Savings Banks and First Northern Savings. The Banks offer a full range of financial services.
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A very speculative play on my part here, but I like where this is going and it is coming off the 52 week low. I would make a mid sized play and see if I can get 20% ROI, if not I would just chalk it up to another bad play on my part...I am using house money here anyway
Recs
In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.
Recs
As of Jan 31st, 2008 the stock has finally recovered (around 20% in last month) However, new challenges still await for it to be a winner. There are some historical resistances around 12.75$. In my opinion, the stock should now (in early february) rest a bit maintaining over 11.40 ( better if above its current EMA(200) ) R.S.I. just crossed the 68-69 % level and M.F.I. is yet low enough to have plenty of room to grow. If this stocks breaks the 13$ level at its close some of this days/weeks the only limit will be the sky (it's at its 5yrs+ maximums now) The other side of the coin is that being so historically high can make the bears wake up. However, my position is still bullish/long . Having in mind the big problems banks are having now in the U.S. this one is surprisingly on top. Just lets cross fingers and wait ;-)
Recs
Negative earnings growth means the stock must maitain a mulitple of close to 40 in order to see a stead price.
I'm projecting the price falls off as their earnings continue to decrease or hold steady in growth. Wisconsin does not offer much growth opportunities and they haven't expanded and penetrated other markets in time.
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