| Title: | CIT Group at Lehman Brothers Eleventh Annual Lehman Financial Services Conference Transcript |
| Price: | $54.00 |
| Publication Date: | May 20, 2008 |
| Source: | Thomson StreetEvents |
| Report Type: | Transcript |
| Abstract: | Final Transcript of CIT presentation, 20-May-08 5:50am ET |
| Brief Excerpt: | ... - Lehman Brothers - AnalystNext up is CIT Group, and I am very pleased to have Jeff Peek, Chairman and Chief Executive Officer here, and also Ken Brause, who some of you may know. And if not, please get to know him. CIT we have been recommending, and I think it's one of the terrific stocks at this point in the cycle right now. They got a capital (inaudible) done recently. There is talk that they are looking at some rail asset activity. But I think the real key here is the stock -- it is a ###-year-old company. By my calculation, over that last hundred years or so, you know, they have grown nicely in both the commercial results and consumer finance area and trading at about half of tangible book value. We think it's very attractive stock here. Jeff? ... |
| Word Count: | 6977 |
| Length: | 11 Pages |
| Ticker: | CIT |
| Time: | 5:50am ET |
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Final Transcript of CIT presentation, 24-Apr-08 3:00pm CET
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