David Burrows
Hudson City Bankcorp Inc.
HCBK-Q
TOP PICK
Jan 28, 2008
This is his first entry back into the financials. He is a quantitative investor so runs screens against 40,000 companies looking for ones that hold up well. 97% of their loans are residential 1st mortgages, senior quality and have virtually no non-performing loans. 30% growth rate.
Very strong stock that has been out of favour. Company is growing at over 30%. Earnings revisions are higher. Beat the most recent revenue growth estimates handily. If you own, use a ratcheted stoploss up in behind. Thanks we are at the beginning of the lift in this stock.