Cathay General Bancorp (NASDAQ:CATY)

CAPS Rating: 4 out of 5

A holding company for Cathay Bank that accepts checking, savings, and time deposits, and makes commercial, real estate, personal, home improvement, automobile, and other installment and term loans.

Results 1 - 9 of 9

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Member Avatar ExitOnBir (< 20) Submitted: 11/9/2009 2:16:24 PM : Outperform Start Price: $8.02 CATY Score: +132.57

Solid fundamentals and oversold. Likely to benefit from the downturn. It will follow EWBC.

Recs

1
Member Avatar daviducsb (29.19) Submitted: 1/15/2009 11:40:28 AM : Outperform Start Price: $16.49 CATY Score: -82.80

Well run bank with very little mortgage exposure. Benefiting from troubles of competitors.

Recs

0
Member Avatar UniMate (73.39) Submitted: 8/11/2008 1:23:24 PM : Outperform Start Price: $22.34 CATY Score: -37.62

Regional pacific banks

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1
Member Avatar josc (< 20) Submitted: 5/30/2008 12:27:57 PM : Outperform Start Price: $14.62 CATY Score: +28.68

Well run bank, that is exposed to loans but only in the chinese american market, where people save more and have better credit.

Recs

7
Member Avatar wuwei2jours (< 20) Submitted: 5/19/2008 8:04:04 PM : Outperform Start Price: $14.67 CATY Score: +30.20

This conservatively run Chinese-American old-fashioned bank has dropped in tandem with other banks, but without the justifications. It has only token exposure to mortgages (done mainly as a courtesy for its commercial customers), has increased its loan-loss reserve only insignificantly, and continues to increase its marketing reach through targeted acquisitions. At 77% of book value, a P/E of 6, and paying a 2.6% dividend, CATY is quite the lady among financial-services prospects. No trading thrills here, just a very conservative bargain to hold over at least a year or two.

Apparently the stock price dropped another 6% last week because of the Chinese earthquake, which is not in any way connected to its business. We can learn from history: a few years ago the very temporary "Chinese-American spy plane incident" -- also totally unconnected -- caused a drop of nearly 20%, which very quickly reversed.

Recs

0
Member Avatar Ryanlanham (45.49) Submitted: 12/16/2007 5:13:10 PM : Outperform Start Price: $25.02 CATY Score: -35.98

Hammered for no reason at all. Great value.

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2
Member Avatar Zelenec (33.66) Submitted: 11/17/2007 7:30:32 AM : Outperform Start Price: $26.23 CATY Score: -36.44

This stock has been in my family for decades and we've never sold. Between the dividend and appreciation, it has steadily built a small fortune for us and is currently putting two kids through private colleges. The bank is just hitting its stride with judicious expansion in a growing market with a traditionally fiscally prudent clientele.

Recs

0
Member Avatar ChaChing04 (23.85) Submitted: 5/28/2007 11:42:44 PM : Outperform Start Price: $31.85 CATY Score: -52.70

Another Chinese favorite. That usually means healthy deposit base.

Recs

1
Member Avatar babnew (< 20) Submitted: 12/4/2006 11:49:05 PM : Outperform Start Price: $32.88 CATY Score: -67.04

excellent record of performance for ten years...

Results 1 - 9 of 9

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