Todd Campbell
Long/short equity, growth, medium-term horizon, registered investment advisor

BancorpSouth: Recovery Down South Supports Growth

One of the hardest hit regions in country during the Great Recession was the south. In Mississippi alone, nearly 23,000 homes were foreclosed between the first quarter of 2008 and the first quarter of 2010. And, exiting the crisis, some 40,000 homes were behind on their payments in the State.

But, the tide appears to have turned for states like Mississippi. According to an April study by Corelogic, the State's foreclosure inventory rate was near 2%, below the national 2.8% average. RealtyTrac, a real estate research firm, reports the rate of foreclosures fell 40% year-over-year in the state in 2011.

The 0.8% drop in Mississippi's foreclosure rate from a year ago is a reflection of the broader housing market recovery...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details