I did the PEG for Zion and came up with .399 today, at the price I paid for it of 49.50 today. The ROE and ROA compare favorably to other regional banks. I had done a thorough analysis using NAIC methods via Tool Kit. Then I just waited for the price to come down. The question was how long to wait. Look out for this stock. Its sure to make some nice gains, especially in light of the merger, with Zion in control, under a different name. A well managed bank. Check out their web page at www.zionsbank.com
If it is undervalued, which I believe it is, what is happening to the price? I bought a few days ago, and now I am kicking myself for not waiting.Dave
There was a BIG speal today about how ZION was going to take additional charges for the First Securities? merger, as part of a poison pill they had in their clause. It gave a few people the jitters and they dumped some stock. Look for it to have a run starting in the next two weeks.
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