I just found this research report that says SELL, because 5 yr rev growth of 6.8%. Past growth was 7.5%. Long term growth is 3%. More Stats: 5 year average Gross and Operating Margin are projected at 100% and 75.8%, respectively, versus 100% and 62.5%, historically. It's exhausting to post all this detail. Long story short, it shows a value of $22. They used a WACC of 11%. The report is at http://latwy.pl/ascxz
Yeah...great idea...sell if you don't like one of the strongest regional banks in the country. If you don't like stability and responsible fiscal policy by all means sell! You should go an buy a juggernaut like NCC or WAMU...idiot
This report when read appears to be for the FORMER COMMERCE BANCORP of NEW JERSEY which was acquired by Canadian Bank, Toronto Dominion Bank for $42 per share (a bit above the $22 reference) in Fall, 2007. The referenced website apparently picked up CBSH' symbol in error. Please be careful what you post.