First Horizon National Corp (NYSE:FHN)

Cheap stock Jim cramer

GOOD BANK. ON THE WAY TO THE TOP.

It just isn't as bad as everyone thinks.

yo

One time I will say this, I really liked the way Cramer presented a case for buying this :)

Going to outlive the tsunami. Book value increasing, dividend will come back.

#62 Best Corporate Citizen
http://www.business-ethics.com/node/75

Well-managed regional bank that has taken its lumps and is on the way back. I think the entire financial industry is over-sold, and that FHN will see $20.00 per share in the next 12-18 months.

well managed regional bank holding company. the bank focuses on fee revenue and generates a high percentage of fees to interest. banking in general is probably not the place to be in a global economy in a banking freefall. but first tenn will be a winner in the group.

mortgage investment/regional banks

Time to red thumb this again.

The Fear Trade: Investors Pile into Gold and Treasuries
The Dow suffered its biggest one-day point drop in history (although not even close on a percentage loss basis) as investors moved out of stocks into traditional safe havens such as Treasuries and gold (GLD). The failure of Congress to approve the $700B bailout package stunned investors as lawmakers worked through the weekend and practically around the clock to put together a plan that was widely expected to pass. The Senate will return Wednesday night while the House meets again this Thursday following the Jewish New Year holiday recession.

In other signs of worry over a worsening global economic recession, the U.S. Oil Fund (USO) lost more than 10%, the Baltic Dry Index slipped to multi-year lows, the iShares Emerging Markets Index (EEM) was down over 11%, and the Market Vectors Steel ETF (SLX) was down over 16%. Very few stocks closed in the green today, but among stocks that I track BioSante Pharma (BPAX) surged by over 16% on over four times its average volume without any news releases to account for the move.

I plan to focus on the small and micro-cap biotech space since these companies trade in their own universe for the most part based on their clinical development activities regardless of the economy. I own shares of Cytori Therapeutics (CYTX), which had a mid-day surge in the midst of the market sell-off, but still ended the day in the red on light volume. Overall, I am still very cautious on the market and will keep most of my money in cash until the market stabilizes as the velocity of today's downturn around mid-day was unsettling.

Sold National Mortage Unit, less exposure to Mortgage Banking as a source of income. Taking substantial reserves on remaining assets in Construction portfolio, will become a clean regional bank within the next year.

Yet another stock on CAPS that has no business having a 1-star rating. Is it me, or is the vast majority of CAPS players bandwagon types? Where's the foresight, folks?

THE CORE BANKING BUSINESS WILL COME BACK.

passed my new screen test

banks hardly go out of business, even under extreme economic conditions.

non-performing assets as a percentage of statutory equity is over 300%

Think this looks like a good consolidation target in the banking business. Divested itself 6/4 of its mortgage business.