Hancock Holding Company (HBHC)
A bank holding company operating banking offices and automated teller machines in Mississippi and Louisiana through two wholly-owned bank subsidiaries, Hancock Bank and Hancock Bank of Louisiana.
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1/20/2009 Earnings Day and Inauguration Day for President Obama. Believe that we will see large runup across the board from Dec 30 'til that day.
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During the savings and loans crisis, many depositary institutions failed. The credit crisis is much bigger and WIlbur Ross thinks regional banks are in big trouble.
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While right now, unfortunately, it appears Hancock is suffering from being too defensive in its lending, they have a secure and stolid operation. They are not risk takers, which won't yield greatly in the short term (thank you Katrina), but slow and steady always wins the race. I don't see HBHC dropping much below 35 this quarter, unless another unforeseen disaster strikes, and expect small but steady earnings growth for at least another year before they start lending less reticently. Once they feel they've secured a base, they'll pick up focus on expanding their market of operation. My $.02. What do y'all think?
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Stock price is going the wrong direction, there appears to be some internal cultural issues going on within the company, specifically employee morale.
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hbhc,fig,slv,tol,hog,adm
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Smart Gulf Coast Bank knows how to go to work post-Katrina

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