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09.08.09 TimelessWealth.net issues technical trading idea with Dearborn Bancorp Inc., stock symbol DEAR ($1.00)
Dear Subscriber,
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. All the best.
Sincerely,
Edward Stevenson.
Timeless Wealth Staff.
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