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First Horizon National Corporation Message Board

  • girl6313nancie girl6313nancie Mar 30, 2010 9:48 AM Flag

    when is first Q

    why is this a good buy........

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    • Fri, 4/16 is when FHN will report. Why buy ahead of the report? Regional banks on fire & (from Credit Suisse):

      Outperform Thesis: We forecast $1.90 of normalized forward EPS, which implies FHN is trading at 7.3x our normalized EPS estimate. As we forecast a normalized PE multiple of 12-14x, we believe the stock could trade up to $25, and has approx. 80% upside over the next two to three years. Additionally, FHN’s fortress balance sheet (Tier 1 of 16.3%, Tier 1 Common of 9.8%) should limit downside to the stock, and is why we believe FHN offers attractive risk / reward. FHN is a Credit Suisse Focus List stock (best idea list).

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