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Enter Symbol:
Cit Group Inc (del) (CIT) [hlAlert]

up 2.14 %

The Montley Fool Stocks 2011 - CIT Group

Posted on: Saturday,  Jan 5, 2013  6:49 AM ET by Motley Fool: Stocks 2011 The Investor Guide to the Year Ahead

Motley Fool: Stocks 2011 The Investor Guide to the Year Ahead rated Buy Cit Group Inc (del) (NYSE: CIT) on 11/08/2010, when the stock
price was $42.87. Since then, Cit Group Inc (del) has gained 2.15% as of 01/21/2016's recent price of $43.79.
If you would have followed this Motley Fool: Stocks 2011 The Investor Guide to the Year Ahead's recommendation on CIT, you would have gained 2.14% of your investment in 1900 days.

CIT Group Inc. (CIT) is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT bank is its primary bank subsidiary. It serves clients in a variety of industries, including transportation, aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The Company?s products include asset-based loans, secured lines of credit, leases (operating, finance and leveraged), vendor finance programs, import and export financing, debtor-in-possession/turnaround financing, acquisition and expansion financing, letters of credit/trade acceptances structuring and small business loans. The Company operates through five business segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance and Consumer. In November 2009, the Company filed for bankruptcy.

Long-term investors like us view the market as a tool to build wealth over long periods of time. Instead of focusing on the next three weeks, we fixate on the value of an asset three years from now — maybe more. This discipline allows us to spend our time researching and analyzing businesses rather than watching ticker feeds all day. We’ll leave that to the professional traders. Those guys have a completely different motivation (read: financial incentive) that makes it impossible for them to think beyond a quarter or two. Their clients are after short-term gains and aren’t willing to wait around for a few years for an investment to work out. But we are. We’re not concerned with staying ahead of the crowd. In fact, we’ll look for opportunities where others have fled — and profit from them.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2010 4:00 PM Buy
1 year
as of 8/27/2015
1 Week down  -2.23 %
1 Month down  -8.44 %
3 Months down  -4.92 %
1 YTD down  -15.99 %

(*) Stock Price at the time of the recommendation.
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