Popular Inc (NASDAQ:BPOP)
A diversified, publicly owned bank holding company operates four principal businesses or operating segments: Banco Popular de Puerto Rico, Banco Popular North America, Popular Financial Holdings and EVERTEC.
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Recs
This is the bank to use if in Puerto Rico or the US Virgin Islands. It is making a good profit and pays a dividend. With the stock price at a low level, the stock seems to be a compelling buy.
Recs
personal experience with my company leads me tobelieve these guys are NOT organized, nor thought of highly in the lending community
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hispanic base plus buyout potential
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income investor pick that makes sense, may be acquired
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Awesome growth prospects in Hispanic markets in major U.S. cities. Very visible sponsorship of NY Mets, who are doing very well this season with solid Puertorrican players in a high % Puertorrican and Hispanic market. Young and very capable management with conservative compensation packages. More than 110 year history operating successfully in Puerto Rico. Price recently negatively affected by other Puerto Rico banks' problems due to accounting methodologies and a Puerto Rico government partial shutdown in May, 2006. Accounting issues should probably resolve themselves in the next 12-18 months. Government problems will likely continue until next elections. Overall, a cheap stock price of a solid company which will be in business for many, many years.
Recs
BPOP should outperform over the next 5 years. It has a strong balance sheet and good management.
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dividend and capital growth for 2 or 3 years
Recs
The markets that BPOP serves have limited competition and that means they have more growth potiential.
Recs
good dividend plus excellent growth potential in this beaten down stock
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