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First Citizens: A First Class Bank With 60% Upside Potential
It seems pretty attractive.
I'm looking at the stock price for the past five years, and in the crisis, it lost half (from about $200 pre-2008 to around $100 in 2009). It went up again, as most stocks after the crisis.
And as most companies, members of the board of directors can use the boardroom as a battlefield, whether they are family or not.
So as you say there are some risks as to investing in this bank, as I mentioned, I think the issues you raised are more "systemic risk" rather than specific to "this bank".
I am also looking at the financials, and the P/E ratio is steadily increasing (i.e: The stock is getting more expensive) and when you look at the volume of shares traded, there is also an increase so my Spidey senses are starting to tingle. There's definitely something going on.
Jul 14, 2013. 12:22 PM
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