Stock Alert for Popular Inc. Issued by MicroStockProfit
April 16 2010 - 6:50AM
MicroStockProfit.com announces an investment report featuring
Popular Inc. (Nasdaq:BPOP). The report includes financial,
comparative and investment analyses, and industry information you
need to know to make an educated investment decision.
The full report is available at:
www.microstockprofit.com/ads/BPOP
Popular Inc. (BPOP) is a diversified bank holding company. The
Company operates in three target markets: Puerto Rico, the mainland
United States, and processing and other technology services in
Puerto Rico, Venezuela, Florida and the Dominican Republic. The
Company offers in Puerto Rico an array of retail and commercial
banking services through its principal bank subsidiary Banco
Popular de Puerto Rico (Banco Popular or the Bank). The Bank
accounted for 66% of the total consolidated assets of the Company
at December 31, 2008. Banco Popular has the retail franchise in
Puerto Rico, with 179 branches and over 600 automated teller
machines (ATMs). The Bank also operates seven branches in the
United States Virgin Islands, one branch in the British Virgin
Islands and one branch in New York. Banco Popular has two
subsidiaries: Popular Auto Inc., a vehicle financing, leasing and
daily rental company, and Popular Mortgage Inc., a mortgage loan
company.
In the report, the analyst notes:
"BPOP recently announced a preliminary net loss of approximately
$85 million for the quarter ended March 31, 2010, compared
with a net loss of $213.2 million for the quarter ended
December 31, 2009, and a net loss of $52.5 million for the
quarter ended March 31, 2009.
"BPOP recently announced that it has priced an offering of $1.0
billion in depositary shares, each representing a 1/40th interest
in a share of Contingent Convertible Perpetual Non-Cumulative
Preferred Stock, Series D, no par value, $1,000 liquidation
preference per share. The preferred stock represented by depositary
shares will automatically convert into shares of BPOP common stock
at a conversion rate of 8.3333 shares of common stock for each
depositary share on the fifth business day after BPOP's common
shareholders approve an amendment to increase the number of
authorized shares."
To read the entire report visit:
www.microstockprofit.com/ads/BPOP
MicroStockProfit.com is a small-cap research and investment
commentary provider. MicroStockProfit.com strives to provide a
balanced view of many promising small-cap companies that would
otherwise fall under the radar of the typical Wall Street investor.
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MicroStockProfit.com Disclosure
MicroStockProfit.com is not a registered investment advisor and
nothing contained in any materials should be construed as a
recommendation to buy or sell any securities. MicroStockProfit.com
is a Web site wholly owned by BlueWave Advisors, LLC. Neither
MicroStockProfit.com nor its affiliates have a beneficial interest
in the mentioned company; nor have they received compensation of
any kind for any of the companies listed in this communication.
Please read our report and visit our Web site,
MicroStockProfit.com, for complete risks and disclosures.
CONTACT: MicroStockProfit.com
Brian Johnson
1-888-307-2850
info@microstockprofit.com
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