First Horizon National Corp (NYSE:FHN)
The Company through its principal subsidiary, First Tennessee Bank National Association and its other banking-related subsidiaries provides diversified financial services through four business segments.
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dividend payer, beat down, insider buying
Recs
expansion of market area, excellent service, deployment of user-friendly on-line banking, negligible sub-prime exposure = continued increases in share-holder value.
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too much mortgage exposure and not interesting as a takeover candidate
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even a buyout isn't likely to be > 2x book
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take over candidate
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Solid company - good dividend
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strong core banking operation, excellent buyout candidate
Recs
First Horizon National Corp. will underperform over the next year due to decline in the housing market, but will provide solid dividend yield.
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