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Flagstar Bancorp Inc. Message Board

  • guster0 guster0 Jun 25, 2013 1:33 PM Flag

    What?????

    Compass Point Increases Flagstar Bancorp Price Target to $12.00 (FBC)

    12.00 how did they come up with that one?

    Company has 2+ billion in cash and deposits they are talking about selling all the MSR or large chunk anyway for close to 750 Million in cash that would give them almost 3 billion in cash.

    All major suits are now settled with RESERVED CASH. Even after settlement they will show a profit of 48 million cause they over reserved for suits.

    IF you add the 48 million back into Q1 they would have shown a 70 million $ profit.

    Housing market is still on fire.

    interest rates are going up (always good for a bank)

    always keeping an eye out for Mr Lewis. He does M&A and leads the heard.

    Twelve $'s can I have a hit from that crack pipe?

    Q1 BV was 16.50?

    See you all at 16 soon!

    Sentiment: Strong Buy

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18.74-0.04(-0.21%)May 29 4:02 PMEDT