September 1, 2010 | In: Financial

CVBF Rebounding

Finally, CVBF has started the rebound, it was bound to happen, as the stock has been trading at a very low P/E and very close to the book value (which is $6.33).

The stock is currently trading at $7.13 up 32 cents from yesterday. Apparently the stock is changing direction from the downward trend. A highly recommended buy, the stock may be trading at $7.50 by the end of the day.

CVBF is a solid and a very old bank, and a couple of lawsuits here and there shouldn’t really affect the stock.

Note: The stock is now trading at $7.15. What are you waiting for? No, make that $7.16.

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