GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Cit Group Inc (del) (CIT) [hlAlert]

Rating:
Sell CIT
down 99.06 %

Cit Group Inc (del) (CIT) rated Sell by Argus

Posted on: Thursday,  Jul 16, 2009  3:25 PM ET by Argus

Argus rated Sell Cit Group Inc (del) (NYSE: CIT) on 07/16/2009, when the stock price was $0.41. Since
then, Cit Group Inc (del) has gained 10554.50% as of 01/21/2016's recent price of $43.79.
If you would have followed this Argus's recommendation on CIT, you would have lost 99.06% of your investment in 2380 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2009 3:25 PM Sell
None
0.41
as of 12/31/2009
1 Week down  -62.87 %
1 Month down  -4.56 %
3 Months down  -3,783.47 %
1 YTD down  -11,333.09 %

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy