NEW YORK, Dec 19 (Reuters) - Sallie Mae has shaped up and investors should take another look, Barron's said in its Dec. 20 edition.
SLM Corp, better known as the student loan company Sallie Mae, is expected to see increased profits over the next 18 months and that could send the stock trading in the high teens, Barron's said.
Shares of Sallie Mae closed at $12.06 on Friday.
The company could also initiate a dividend or buyback next year, the investment weekly said.
While Sallie Mae is a 'complex, one-of-a-kind financial company,' it could also attract a buyer in a few years, Barron's said.
((For more coverage at the Reuters MediaFile blog, please double-click http://blogs.reuters.com/mediafile/))
((Reporting by Jennifer Saba, Editing by Gary Crosse)) Keywords: SLMCORP/ (Jennifer.Saba@thomsonreuters.com; +1-646-223-6173; Reuters Messaging: jennifer.saba.reuters.com@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
SLM Corp, better known as the student loan company Sallie Mae, is expected to see increased profits over the next 18 months and that could send the stock trading in the high teens, Barron's said.
Shares of Sallie Mae closed at $12.06 on Friday.
The company could also initiate a dividend or buyback next year, the investment weekly said.
While Sallie Mae is a 'complex, one-of-a-kind financial company,' it could also attract a buyer in a few years, Barron's said.
((For more coverage at the Reuters MediaFile blog, please double-click http://blogs.reuters.com/mediafile/))
((Reporting by Jennifer Saba, Editing by Gary Crosse)) Keywords: SLMCORP/ (Jennifer.Saba@thomsonreuters.com; +1-646-223-6173; Reuters Messaging: jennifer.saba.reuters.com@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.