International Bancshares Corp (IBOC)

IBOC is currently still undervalued, Citron was wrong on this one. This is one of the top performing banks in one of the best performing banking sectors: the southwest. They have no sub-prime exposure, and their real estate investments are centered around Texas, many in Austin, which has remained remarkably unaffected by the housing slump. As more and more of the high volume shorts are squeezed out, I expect IBOC will rise quite a bit.

IBC - Commerce Bank's CEO Ignacio Urrabazo Jr. Appointed To FDIC Advisory Committee on Community Banking. Ignacio Urrabazo is the only Texan appointed to serve of the committee. Citron was wrong and its about time they issue a positive report on a stock. But then again, they are in the business of shorting...right. Cautious investing to all...especially those following Citron's postings.

What with 1) many banks going under or being acquired or 2) existing banks tightening belts by closing excess branches, I've seen the opportunity for a player to come in and claim a substantial portion of the freeing-up market share increase dramatically here in Texas, one of the states that the regional IBC Bank operates in. Insiders have been buying up its shares and they've (in a very Lynch-oriented observation) been starting aggressive marketing and advertising campaigns, even expanding. Financially, they're solvent and the management has won awards for their industry-leading efficiency and service.

Recent news regarding the Texas and Oklahoma economies and analyst estimates has led me to rethink my initial report regarding IBOC.

Another survivor I do believe.

IBOC is probably one of the best bank picks in the last 15 years. IBOC services Texas and Oklahoma which have not felt the effects of the economic downturn like California, Arizona, Florida and Nevada. Trading well below its book value. Well capitalized with no subprime exposure.

IBOC has been unfairly beaten down by Citron, Andrew Left and their cronies of short sellers. The SEC is considering restoring the uptick rule which puts the brakes on short-selling in falling markets. The uptick rule was initially created following the stock market crash of 1929 to prevent bearish investors from ganging up on shares like IBOC.

Accepting TARP, prevented the Board of Directors from buying back its own stock and stabalizing the stock price. That explains the rapid decline in stock price following its IBOC's acceptance of TARP funds.

Buy IBOC...don't short sell it.

great stock

Well run bank that serves the growing Hispanic community in TX, who will be an increasing economic presence. Well positioned branches in HEB supermarkets will provide the company with increased customer contact at a lower cost than other banks and allow it to piggy back on the success of its host.

Stock that has beat the S&P 500 most of 2008 and insiders own more than 10 percent of the stock.

Has been beaten down,but still remains a profitable banking business. They even have a branch in my local Wal-Mart!

Unfairly beaten down.

solid wellrun with stong leadership presence

After many years of stellar performance, has taken a hit for past three years. Good fundamentals and supposedly no sub-prime exposure.

Annual stock splits (missed one in last 7 years) and good yield.

Prime for take-over by national or international bank.

Good management.

sub-prime victum

"IBC Bank is introducing a new bilingual mobile banking service that gives customers the ability to access their checking, savings and loan accounts through a mobile phone or wireless handset." source MSN

SEE TMFDEEJ

Recent credit crises has created an opportunity in this bank.
Great long term hold.

This stock is trading about 20% below the "buy-around" price of the June 2007 recommendation. If you believed the June pitch, then you have to believe this is an attractive buy-in point. I am accumulating.

Got lumped in with all the other banks during the subprime mess. 3rd quarter numbers should have them smelling like roses.

1

Banking is getting hammered at this time due to fall out from sub prime lending. This is a solid growth small bank