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Enter Symbol:
 
Advanta Corp. (ADVNB) [hlAlert]

Rating:
Buy ADVNB
down 98.73 %

Advanta Corp. (ADVNB) upgraded to Buy with price target $7 by Stifel Nicolaus

Posted on: Friday,  Oct 10, 2008  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Advanta Corp. (NASDAQ: ADVNB) on 10/10/2008, when the stock price was $3.96. Since
then, Advanta Corp. has lost 98.74% as of 11/17/2009's recent price of $0.05.
If you would have followed this Stifel Nicolaus's recommendation on ADVNB, you would have lost 98.73% of your investment in 403 days.

Advanta Corp. (Advanta) issues business purpose credit cards to small businesses and business professionals in the United States. The Company's business credit card accounts provide approved customers with unsecured revolving business credit lines. During the year ended December 31, 2008, Advanta had $506 million of owned business credit card receivables and $4.5 billion of securitized business credit card receivables. The Company owns two depository institutions, Advanta Bank Corp. and Advanta Bank. Advanta primarily funds and operates its business credit card business through Advanta Bank Corp., which offers a range of deposit products that are insured by the Federal Deposit Insurance Corporation in accordance with applicable FDIC regulations and limits. The Company offers credit protection and related products to its customers. In November 2009, the Company announced that it has filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/10/2008 8:25 AM Buy
None
3.96 7.00
as of 12/24/2008
1 Week down  -31.74 %
1 Month up  81.69 %
3 Months up  369.42 %
1 YTD down  -38.27 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/28/2008 8:25 AM Hold
None
8.47

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