Commerce Bancorp (CBH) joins the PIC List as of last week with an initial buy at $33.00 and the Equity/Cash split $4800/$5200 according to the i-Wave's reading.
With a 1.00 BETA it's not going to be an overly exciting ride, but it pays 1.6% dividend and has a $30 to $41 range in the last 52 weeks. That should be enough to drive the AIM engine. Total return including the dividend might be attractive.
I've not studied the fundamentals of the company, just grabbed it from Value Line's "Highest Growth Stocks" list as it is currently ranked #5, lowest, for their Timeliness rating. (that's the requirement to get on the PIC list.) So, please do your homework before investing in any stock.
Best regards, Tom
With a 1.00 BETA it's not going to be an overly exciting ride, but it pays 1.6% dividend and has a $30 to $41 range in the last 52 weeks. That should be enough to drive the AIM engine. Total return including the dividend might be attractive.
I've not studied the fundamentals of the company, just grabbed it from Value Line's "Highest Growth Stocks" list as it is currently ranked #5, lowest, for their Timeliness rating. (that's the requirement to get on the PIC list.) So, please do your homework before investing in any stock.
Best regards, Tom
Port Washington, WI 53074
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