Steady Return Stock - CNB
Steady Bank The Steady Return Stock on the spotlight today is Colonial Bancgroup Inc. (CNB), the Montgomery, AL based bank holding company for Colonial Bank, which operates 301 braches in United States. The stock has been doing well for the past three years, up more than 100%. In addition the most recent quarter report also showed great sign as the bank's first quarter earning soared 35% to $65 million compared to $48 million of previous year. The steady growth in stock price and financials makes this bank a steady return stock with the following characteristics:
Technical
The 52 weeks chart shows this is a steady return stocks according to the followings:
The financial statement also shows characteristics of steady return stock as the company's revenue has been in steady growth in revenue for the past few years from $908 million in 2003 to $1 billion in 2004 and then $1.37 billion in 2005. In addition the net income has also been in steady growth from $149.9 million in 2003 and $173 million in 2004 to $228.5 million in 2005.
1. Market Potential(regional bank): 4
2. Technical: 5
3. Financial: 5
Overall Rating: A+
Technical
The 52 weeks chart shows this is a steady return stocks according to the followings:
- first of all for the past 52 weeks both 50 day and 200 day moving average have been rising steadily. This is the first sign of a steady return stock.
- secondly both 50 day and 200 day moving average have been going up at similar angle for the past 52 weeks. Although the angle of 50 day moving have become a bit flat last October and this February, it has went up along with 200 day moving average again since late February. This is another sign of a steady return stock.
- thirdly the stock for the past 52 weeks has generally stayed relatively close to the 50 day moving average. Although the stock dip near 200 day moving average last October and rose too quickly around December, most other time the stock stay within a dollar or 5% of the 50 day moving average. This is third sign showing the stock is a steady one. Buying the stock at anytime should guarantee a steady return for the long run.
The financial statement also shows characteristics of steady return stock as the company's revenue has been in steady growth in revenue for the past few years from $908 million in 2003 to $1 billion in 2004 and then $1.37 billion in 2005. In addition the net income has also been in steady growth from $149.9 million in 2003 and $173 million in 2004 to $228.5 million in 2005.
Steady Return Stock Rating(1 ~ 5, 5 means highest):
1. Market Potential(regional bank): 4
2. Technical: 5
3. Financial: 5
Overall Rating: A+
posted by Stock Geek at 8:55 PM
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