Susquehanna has aggressively grown its franchise with a large acquisition. While there is always the risk of surprises when an acquirer works through the loan portfolio of its prey, the holding company hopefully took care of any surprises by making the extra provision for reserves in the fourth quarter.
Susquehanna's price-to-book multiple remains quite low and it can reasonably be expected to post better earnings numbers in 2008. It also has an attractive dividend yield of 4.77%.- Loading Comments...
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