Cramer's Spanish Bank Stocks Portfolio - Stockpickr! Your Source for Stock Ideas

Cramer's Spanish Bank Stocks

610 views

TheStreet.com Rating: D

Rate Now:

average rating: 0.00 / 0 ratings

printer friendly

send to a friend

Created by barrons2

DESCRIPTION:

Date updated:10-03-2007

It won't be just the Canadians who are calling on our U.S. banks. My sources indicate that the Spanish banks are cruising through the South looking for good buys. Unfortunately, most of the southern banks are either really bad -- poorly run with big mortgage portfolios -- or really expensive. Cramer believes that anyone of the stocks below could be bought by an aggressive Spanish bank.

WTNY
Whitney Holding C
$8.31
+0.12%
$8.24

But let's take a look. First, Whitney in Louisiana is run by dinosaurs but sells at much less than the twice the book that it should get. This $25 stock has a $17 book.

People owning WTNY also tend to own: BA BMY CDL CSCO DRE FNSR GPS

TheStreet.com Rating: D What is this?

FHN
First Horizon Ntl
$12.28
-0.81%
$12.16

First Horizon has had a tremendous mortgage hit, and it may not be over. That bank has $19 in book and it is at $27.

People owning FHN also tend to own: BFK CHK CMCSA COP DBN DFJ EWT

TheStreet.com Rating: D+ What is this?

SNV
Synovus Finl Cp
$2.12
+5.47%
$1.98

There is Synovus, which is really expensive because of its processing subsidiary, but is at almost 3 times book.

People owning SNV also tend to own: IDIX IOMI TSS CNSL ITT JSDA NTRS

TheStreet.com Rating: D What is this?

CNB
Cnb
$0.00
N/A
$N/A

And then there is Colonial BancGroup, which has a $14 book and sells at $22.

People owning CNB also tend to own: AUY BLS BVN CSCO DUK GE GM

TheStreet.com Rating: No Rating What is this?

Cramer's Spanish Bank Stocks's Blog
No Blogs Found

Comments not available

Top Do-It-Yourself Portfolios
» John Shier
» Joy
» tsamanuli Portfolio 1
» brueckenc Portfolio 1
» Fundsonly Portfolio 1
show all

Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 6, 2009 According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday’s “Mad Money” TV show, Cramer said if you ...

11.06.09 | 15:52 PM

'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 5, 2009 The traders on CNBC’s “Fast Money” told their viewers what they must know after Warren Buffett announced on Tuesday his l...

11.05.09 | 12:05 PM

Squeezing the Shorts: Late Earni...

By Jonas Elmerraji Posted on Nov. 4, 2009 For investors who seek out short-squeeze opportunities, there’s no time as important as earnings season. Earnings are one of...

11.04.09 | 15:18 PM

Cramer's Take on Headline Stocks...

By Stockpickr Staff Posted on Nov. 4, 2009 Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is...

11.04.09 | 11:12 AM

General market Technical Analysi...

11.14.07 | 22:55 PM From author ZA

Banjo's Garden Pic Thread

05.10.09 | 12:33 PM From author banjoman

The Presidential/Political Thread

01.02.08 | 08:05 AM From author Dave Cox

BIOTECH

07.26.09 | 11:32 AM From author CallaLilly

more forums