ATLANTA, Feb. 20, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com:
While many companies have continued to struggle in the first quarter of 2001, Synovus Financial Corp (NYSE:SNV) is well-positioned for a strong 2001.
With an 80.8% ownership in Total System Services, SNV should benefit nicely from two agreements TSS recently engaged in. TSS recently signed Allied Irish Banks to a five-year processing agreement for its 500,000 retail and commercial card accounts, and also signed Target Stores to a multi-year agreement to process their new consumer Visa Card. On Jan. 17, SNV forecasted 15% growth in 2001.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted SNV in its Newsletter. The investment Website sends out, via e-mail, its Newsletter, which contains news, commentary, education and covered call highlights, at the close of the market on Monday, Wednesday and Friday.
WinningInvestments also selected SNV as one of its potential covered call candidates for its Website. The company lists its covered call candidates on its Website three times per week.
Synovus Financial Corp. currently has three analysts recommending it as a strong buy, two as a buy, and eight as a hold. SNV is currently trading at $27.33, with the bid on the August 2001 $27.5 call at $2. This gives downside protection of 7.3% and a yield if called of 7.9%.
Investors who are unfamiliar with covered calls can learn about this investment method at www.WinningInvestments.com. WinningInvestments.com usually offers investors a free 10-day trial, where they can view the services with no risk or obligation. Between now and Feb. 27, 2001, members can receive a 15-day trial by stating "15-day trial" in the "How did you hear about us?" section of the registration page. To visit their site, go to www.WinningInvestments.com.
WinningInvestments.com also offers six different categories of covered call selections and nine different investment strategies. The covered call selections are updated on the Website each week on Tuesday, Thursday and Sunday. The strategies include three different strategies for "Dogs of the Dow," aggressive and conservative investors.