National City Corporation (NYSE: NCC, NCC message board) stock lost 75% of its value over the year. However the downtrend seems to have slowed down if not stopped. Some analysts believe it would be a good time to buy some of the company's shares as it holds the potential as a long term investment. The 1 year price target provided at Yahoo.com currently is $7.24.
Being, a regional bank, National City has suffered from the credit market crisis. However the company managed to raise $7 billion from the investors and has signed memoranda of understanding with regulators regarding capital levels, risk-management practices and other business aspects. This made the stock regain some of investor trust in its future performance.
Cash Systems, Inc. (NASDAQ: CKNN) is another interesting stock that has been continuously losing its value. The company might be salvaged from this downfall as Global Cash Access is planning to acquire Cash Systems. The transaction is planned to be closed at the end of July 2008.
The micro cap company is planned to be acquired for $33 million. The current shareholders of Cash Systems will receive $0.5 per share which is still a bonus to the current price. That makes things interesting here. If you would by this stock now, you can be sure to get at least 3 cents per shares in profit at the end of July.
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