Central Pacific Financial Corp (CPF)

[Ripcord01]

The current announcement of a buyback boosted the price per share.

I cant believe this hasn't gotten more pop. The buyback from 2 of the bigger investors in the company and the increase in the buyback amount to almost a 10 percent buyback at current prices.

That is just 1 reason why I am bullish on this stock.

A couple of other facts/opinions.

1) Rising mortgage rates will help profits in the near future.

2) This company operates in the Hawaiian housing market. This area will always have people willing to buy real estate either from US or foreign investors. This real estate market has rebounded faster than most areas and will continue to do so.

3) This stock has just bounced off historical lows and the company is not in danger of going under.

4) The distrust of banks as good investments is going away. The overall tide is rising this company will rise with tide.