CUBI
Sorry for the delayed reply, Knocked my back out this week, so haven't been around the computer as much as normal. I thought the quarter was fine. Now based on what they said expect earning to be better in the 2nd half, Hence comps may not be great in the 1rst half. The stock is undervalued, and unfortunetly I missed yesterday bottom can't bring myself right now to buy much unless I love it, near 4100 which should be resistance. After Listening to the CC this morning, I feel the stock was an excellent buy at $25, but near 4100, I can't buy a stock that is allready 10% plus off the bottom less than 24 hours ago. Maybe I'll get a chance, maybe I won't but Not really in love with buying much near 4100 which is heavy resistance in this market until proven otherwise.
But too look at the stock. The guidance of $6.00-6.25 is probably conservative. Keep in Mind they earned $5.65 so they are forecasting growth. Trade substancially under book so that is a plus. Loan growth ws fine although based on guidance they expect less loan growth in 2023. They also expect NIMS to come in in 2023, specially in the 1rst half, before reacclerating in the 2nd half. Asset quality is solid. Anyone who brought in the 25's probably got a very good buy. I'm hoping the stock falls back. Can't buy at $28 when it was $25 just yesterday. Specifcally when this market is very close to 4100 reistance level as I said earlier. Hope this helps. All is just my opinion, and I could always be wrong though.
