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Top Financial Sector Short-Squeeze Plays

12/26/07 - 06:45 AM EST

James Altucher

The bank holding company earned $10.6 million, or 14 cents a share, down from $11.2 million, or 15 cents a share, in the third quarter a year ago. The stock has a P/E of 19 and a yield of 6.6%.

TrustCo Bank also shows up in the Top Short-Squeeze Bank Stocks, a Stockpickr portfolio that also includes such stocks as First Commonwealth FinancialFCF, with a short ratio of 18.3, F.N.B. CorpFNB, at an 18.2 short ratio, and First Citizens BancFCZA, with a 4.8 short ratio.

Corus BanksharesCORS is another stock with a high short ratio, at 32.2. This Chicago-based bank holding company recently completed a 2 million-share repurchase program it launched in April 2004.

A new 5 million-share repurchase program was authorized in late October. The stock has a P/E of 4 and a high yield of 9%.

Corus is owned by Markel, is an insurance company that is sometimes referred to as a "mini-Berkshire Hathaway." Markel also owns Fairfax Financial HoldingsFFH, with a 6.5 short ratio, CarMaxKMX, with a 10.5 short ratio, and General ElectricGE, with a short ratio of 1.2.

The see the list of the top financial sector stocks with the highest short ratios, check out the Top Financial Short-Squeezes at Stockpickr.com.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider Consolidated Tomoka Land to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.




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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.


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