JMP Group, Inc. (NYSE:JMP)
A full-service investment banking and asset management firm.
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JMP Group is a full-service investment banking and asset management firm.
Today, JMP is at $8.15, and 27% off 52W high of $10.95, which JMP reached back in September of 2009.
I'm writing this pitch today as I think JMP will start going up very soon.
I'm not willing to guess when is JMP going to get to its $10.95 52W high again, but I think it's going to happen sooner rather than later.
Even if the last two days are the sign that the market already started correcting, I don't think JMP is going to get hit very hard by that correction as JMP's price has not gone up in 6 months or so.
I think JMP is a safe play at these levels.
Let's see what happens...
Recs
whisful thinking
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solid company,mutual fund connections, high net worth clientel. good longterm. possible takeover target
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JMP Group is a middle market investment bank. Currently with the M&A wave along with high interest rates, equity is the next cost effective alternative for injection. I expect JMP to grow like any small bank to a large institutional investment bank. Stay long, and stay committed.
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earnings growth
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This is a solid bank that's chosen to come public during a frenzied time of financial sector IPOs. Given its valuation relative to peers, I expect this stock to hover around current levels for some time. Expect convulsions at the end of the lockup period.
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