Hedge fund manager, value, contrarian

First Bancorp: Cheap But For Some Good Reasons

Should you buy a stock solely based on the reason that it is cheap? I hope your answer is No to this one as a stock usually becomes cheap for a good reason and though there are opportunities where you can separate wheat from the chaff, I think First Bancorp (NYSE:FBP) does not fall into this category of a compelling opportuni...

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