Stockchase Opinions

Ben Stadelmann Sun Bancorp (NJ) SNBC-Q TOP PICK Mar 16, 2011

Was doing nicely until a few days ago. Was rocked by the fact they are going out to look for more capital again. Price is really beaten up to an attractive entry point.
$3.280

Stock price when the opinion was issued

Financial Services
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COMMENT
This company has taken one hit after another. Has lost a lot of money over the last few years. Likes US financials but he would like to see it have more earnings. If it takes off, it could go a long way.
TOP PICK
(A Top Pick March 16/11. Up 0.91%.) New Jersey regional bank. Originally liked because of the lack of exposure to consumer real estate but more to the hospitality industry. Turns out those loans also had nasty write-downs. Now making good progress on getting bad loans off the books. Commercial lending has improved. Well capitalized.
DON'T BUY
(Market Call Minute)