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The Ghost of TARP

Stocks in this article: BPOPCATYEVBSFBPFUNCHEOPIBCAIBCPSNV

Reading the Table

OV / UN Valued - The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating - A "1-Engine" rating is a Strong Sell, a "2-Engine" rating is a Sell, a "3-Engine" rating is a Hold, a "4-Engine" rating is a Buy and a "5-Engine" rating is a Strong Buy.

Last 12-Month Return (%) - Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage.

Forecast 1-Year Return - Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months.

Value Level: is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.

Popular (BPOP) ($29.09) is a community bank in Puerto Rico which has $935 million in TARP money. The stock set a multiyear high at $34.34 on Aug. 20 and is now declining toward its 200-day SMA at $28.22. My semiannual value level is $22.33 with a weekly pivot at $30.83 and monthly risky level at $38.37.

Cathay General Bancorp (CATY) ($23.02) is a community bank in California which has $129 million in TARP money. The stock set a multiyear high at $24.85 on Aug. 5 and tested its 50-day SMA at $23.28 on Sep. 18. My annual value level is $20.69 with a semiannual pivot at $22.19 and weekly risky level at $23.23.

Eastern Virginia Bankshares (EVBS) ($6.03) is a community bank in Virginia with $24 million in TARP money. The stock set a multiyear high at $7.50 on March 25 and is now on the cusp of its 50-day SMA at $6.03. My quarterly value level is $4.99 with a weekly pivot at $6.20 and monthly risky level at $6.33.

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