Stockchase Opinions

Brendan Caldwell CIT Group Inc. CIT-N TOP PICK May 03, 2011

Commercial lender. A way of really playing growth in the US on the financial services side. Good management. Bought a Canadian company (formerly Newport Credit) that was going bankrupt. The trick will be getting marginal borrowing rates down. In an economic recovery situation, it is leveraged to growth.
$42.000

Stock price when the opinion was issued

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PARTIAL BUY
Very risky and can still go bankrupt but could double, triple or quadruple from here. If you wanted to put a small portion of your investment in on the bet that the economy is going to be better than it is a reasonable thing to do.
TOP PICK
It is basically all commercial banking, putting it down 50% in valuation. It could double when it recovers. The insiders were all buying stock back in March. (Analysts’ price target is $29.70)
PAST TOP PICK
(A Top Pick Jun 22/20, Up 129%) He would recommend selling it. They are being bought out by another bank so he is no longer interested in owning it.