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Monarch Financial Holdings, Inc. Message Board

  • barkingdog78 barkingdog78 Sep 19, 2013 11:01 PM Flag

    Mortgage plunge means: MNRK's Q3 earnings will suck!

    Bloomberg: "A surge in mortgage rates to two-year highs has undercut borrowing, pushing down refinancing by more than 70 percent since last September. Wells Fargo & Co. (WFC) said this month originations may fall 29 percent this quarter, while JPMorgan Chase & Co. said volumes may plunge 40 percent in the second half compared with the first six months of the year."

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    • Do you do any research or just post whatever random nonsense grabs your attention?

      Did you even look at the analyst estimates for MNRK? The analyst formally covering MNRK has raised estimates for both FY13 and FY14 in the last 30 days.

      The business press is often late to a story. Headlines tend to lag the knowledge of professional investors. Random stories about mortgages do not move the market. Just because you first see something today does not mean it isn't already reflected in stock prices.

      Sentiment: Strong Buy

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