TimelessWealth.net has issued a technical trading idea with Dearborn Bancorp Inc. (DEAR), following a reversal signal on Tuesday’s trading session
Richmond Hill, ON, September 09, 2009 — TimelessWealth.net has issued a technical trading idea with Dearborn Bancorp Inc. (DEAR), following a reversal signal on Tuesday’s trading session. Since its 52-week high ($6.99), Dearborn Bancorp has lost ~89% of its market value as the price bottomed at a 52-week low ($0.80), on Friday’s trading session. Our complimentary technical analysis succeeds here.
Dearborn Bancorp Inc. operates as the bank holding company for Fidelity Bank, which provides commercial banking services in Michigan . It offers various deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit, business checking, and direct deposits. As of April 21, 2009 , Dearborn Bancorp operates 18 offices in Wayne, Oakland, Macomb and Washtenaw Counties . Read more.
Dearborn Bancorp’s market capitalization embodies a miniscule $7,687,470, based on 7.68M shares issued and outstanding, whereas the industry average for Midwest Banks is $39,650,000, representing a potential 516% return on investment (ROI), in the event the market adjusts. Their total cash on hand is approximately six fold their market cap, or approximately $5.90 per share. The float comprises of 6.4M shares according to finviz.com, a site providing leading financial research, analysis and visualization.
Dearborn Bancorp Inc. is not among the problematic banks listed with the FDIC , therefore we believe the market will adjust to fair value. Book value per common share, $11.43, represents a potential 1043% ROI. Dearborn Bancorp Inc. is in better shape than the vast majority of its competitors, while reserving an undervalued presence in the equity market.
We strongly encourage you review this trading idea with further research. Our report is designed to cover key technical and fundamental concepts while providing a starting point with due diligence material. Please visit us at http://timelesswealth.net
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Contact :
Edward Stevenson
Timeless Wealth staff
Richmond Hill, ON
+91-44-222-656
[email protected]
http://timelesswealth.net
