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
I agree. I just don't see it. All known suits are behind them, money left over in reserve, booming housing market, core deposits growing. This just looks to me like its on the launch pad pointing at $20 again. Best of luck to all.
I completely agree, Red Dog. There are many homeowners who, a year ago, were unable to make their mortgage payments. Many of them are now current on their payments because they have a job.
This means that the banks, as a group, are now able to dramatically reduce the money they need to set aside out of their income in order to cover the cost of foreclosing on those properties.
In turn, the reduced set-aside money means that the banks, as a group, will have more working capital available for investment, and it will be available at a growing ROI.
I bet anyone on this board that this stock hits 20 bucks a share only when Cain pays his own rent.......... Well with that said......it will never happen!!!!! LMAOOOOOOOOOOOOOOOOOOOOOO
Sentiment: Strong Sell
What you said are right. but the chance FBC see 12s is also good simply that is how game be played
IF she goes back on the RUSSELL on Monday the party is going to be over. The volume will come around and these games being played will be a memory!
Low to NO volume SUCKS!
They came up with that one b/c they wanted shares. Greed!!! Watch your stop limit orders if you are long. Bias: long also long on NYMT NRZ RSO ---NYMT and RSO are x dividend today. 6/26