At 10:30, anyone listening in? With rates this low, it seems the stock is rising in anticipation of good earnings.....I will be evaluating the new managemnet team's success in executing the eloan business strategy, they haven't shown me much new so far...same products and marketing as under mssr. kennedy
Positive: 1)I can say that I really liked the improvement in Auto Sector. 2)I also liked the rise in revenue in home equity sector. 3)I was pleased with the $0.01 EPS 4)Outlook for 2005 is promising as they said "well-positioned". Neverheless, reducing the cost of overall operations remains one of the key factors. 5)Diversified Revenue 79% and CEO said that "diversified Revenue has risen to nearly 80% and that at a much faster pace than expected". 6)Please with the operation of ECS.
Negative: 1)I was very disappointed with the Mortgage sector. 2)Remaining 2004 earnings projections at "break-even" was slightly disappointing
Conclusin: Well..I guess everyone has to draw his own conclusins from what I mentioned above. From my point of view - almost good earnings. Shorts should really consider covering now.