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Doral Financial Corp. Message Board

  • antavise antavise Jan 18, 2013 8:53 AM Flag

    Fitch report.


    Was very negative on DRL. Looks like a reverse split along with a capital raise is in the works. I don't know why poulton and wakeman bought in the .60s.

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    • Basically, if we go into an economic slump for any reason the next two or three years DRL is in trouble with capital ratios... They basically have to figure out a way to off-load their mountain of bad loans in PR, while continuing to build up their profitable and solid portfolio stateside. Little hope for improvement in the economy in PR? Given that the party and philosophy that got PR into this mess is now back in power, the betting says .... the PR economic cesspool deepens again after a significant, but small amount was drained off the last four years.

    • Well, being a contrarian, I'm going to start going Long here, and load up slowly. Several reasons here - lots of tax-loss selling last year, many of those who don't believe in DRL sold out, and Fitch bad news invariably results in PPS going north. Yeah, their balance sheet is not all that appealing, but with any sort of uptick in economy and potential for buyout a possibility, I feel it's a good risk from these level. Of course, caution prevails.

      Sentiment: Buy

0.720.00(0.00%)Feb 27 3:27 PMEST