CIBH looked super yesterday and that was just the
Post# of 72711
Posted On: 03/26/2013 5:13:49 AM
CIBH looked super yesterday and that was just the beginning. The pps is now on sale at .60 but this is not likely to last. Look for this undervalued gem to continue it's trek north. I think it will hit a minimum pps of at least $2.50 by the end of 2013.
Reasons to buy,
1. One of the very few banks to ever pull itself out of bankruptcy.
2. This bank is now very profitable and should stay that way.
3. The FDIC just released CIBH from a Consent Order.
4. Never took the first cent of TARP money.
5. Assuming they remain profitable, should be paying dividends in 2014.
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