Colonial Bancgroup: The Time Is Right

CNB was favorably reviewed here on November 8 just after it made a new 52-week low. I believe the bottom is in, and I bought the stock yesterday.

CNB is a strong regional bank. The company is attractive as a core portfolio holding for conservative income investors. CMB is a growth stock selling at a value price and I think they could become a takeover target.

CNB 1-yr. chart

Comments

[User 129211:]

Your call on CNB was so far out of whack that it really doesn't merit comment. How in the world could you possibly be recommending ANY banks at the end of November?? A blind man with a cane could see what was happening and would have run, not walked, as fast as possible to the nearest exit. You did your readers a great disservice, not to mention the massive loss of credibility. You say you bought the stock in your November 28 missive. However I don't see where you SOLD it. Do you still own it???

2008 May 30 08:35 AM