Profit Fan

Cathay General Bancorp: Recent Drop Means Buying Opportunity

Everyone likes a growth story because of the possibility of future returns but these types of businesses typically trade with a lot of that opportunity already baked into the stock price. This may be fair but I tend to miss out on a lot of these opportunities because I want a discount for work already done. Fortunately, there are always other aspects of a business that can be hidden so that earnings growth, without any of the advertised expansion efforts, brings the stock's premium down to a more fair and interesting level.

With that, this article will be covering Cathay General Bancorp (NASDAQ:CATY). Cathay General is an under-followed and growing regional bank based out of California that has...

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