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...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|