BPOP just posted a very bad Q4 2010 and it was already represented in share value as most of it comes from bad loan sold earlier this month where charges were to be applied to Q4 2010.
This will represents a great buy opportunity this morning. Expect BPOP to go down by 10% then time to get back in. Looking at the real value of this Puerto Rico bank makes me think of a close to 5$ before year end.
This will represents a great buy opportunity this morning. Expect BPOP to go down by 10% then time to get back in. Looking at the real value of this Puerto Rico bank makes me think of a close to 5$ before year end.
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