This does not make sense for me.!! Why would you issue more stock when you have your stock trading below 90 pct of book value.? All RETIS are buying back their stock incrementing the earning per share. This move will be just the opposite. Message to OAKS management=.I don't think you would buy MBS @ 90 pct discount in the market so PLEASE DONT DILUTE stockholders you morons!..
Yeap . I agree !! But in 2007 they made 40 cents in this same quarter. Guess how the stock was trading by that time ?????.............nope. Nope. Nahhh....... 22 -24 range !
Sentiment: Strong Buy
its a NO BRAINER here. Should worth same price as IPO or higher.. 5 usd earning per share potential for 2014. Can find any better to put money to work. mm where is the catch????
NEW YORK--(BUSINESS WIRE)--Nov. 2, 2012-- MetLife, Inc. (NYSE:MET) announced today an agreement to sell MetLife Bank, N.A.’s approximately $70 billion mortgage servicing portfolio to JPMorganChase Bank, N.A. Terms of the transaction were not disclosed. The transaction is subject to certain regulatory approvals and other customary closing conditions.
Given MetLife’s strategic focus as a global insurance and employee benefits leader, the company decided in 2011 that a bank holding company structure was no longer appropriate. “Since that time, MetLife has entered into agreements to sell MetLife Bank’s deposit business to GE Capital, sold the bank’s warehouse finance business to EverBank, sold the bank's reverse mortgage servicing rights to Nationstar, and ceased writing residential mortgages,” said Jim Rose, MetLife Bank President.
“The acquisition of this high-quality portfolio reflects our strategy to strengthen and grow our Servicing business,” said Eric Schuppenhauer, Head of Mortgage Servicing at Chase. “We will be able to provide our full range of products and services to an additional 350,000 individuals and families. We expect that many of these customers will take advantage of historically low interest rates by refinancing.”
The $70 billion servicing portfolio will increase Chase’s $1.1 trillion Servicing business by more than 5%.
MetLife’s entire retail banking business, including mortgages, represented less than 2% of MetLife’s 2011 operating earnings. In a regulatory filing on October 24, MetLife announced it was exploring a sale of its mortgage servicing portfolio and in connection with that decision, began reporting MetLife Bank’s forward mortgage servicing assets and operations as divested businesses.
MetLife was advised on the J.P. Morgan Chase transaction by K&L Gates LLP, Milestone Advisors LLC and Deutsche Bank Securities Inc.
i wonder Clf closing px for today..
Commodities stocks are all about anticipation. Why do you think CLF came off from 75 to 32.?? This lousy quarter is completely priced in and is in the past. Maybe not tomorrow but next week for sure. If you believe China will normalize, and IRON ORE prices too, you should be buying this great company with a sweet 6% dividend yield. 2013 Earnings will came above 5,5 usd even with todays depressed Iron Ore.
I am sure they do not have a better investment opportunity to buyback their shares with a 7 pe and a big book discount value. They will start with 2 billon and upsizing soon..
Sentiment: Strong Buy
Looks like a pullback to the 23,50 area..(was a resistance and now support.) Now after that movement target is open to the 28-29 area. Remember 10 days ago they tried to manipulate the stock with the story of panel recall problems. Went down 3 usd not 1,60.I am smelling shorts looking to cover. They can use the other junk solar companies news maybe. But those are different stories and business models. FSLR looks dirty CHEAP .Good luck to all...
Sentiment: Strong Buy
Seling some btuAnd wlt and buying this. Make sense too to vote for Obama.
Give me all those stocks below 38!!..Jpm will still have 17 bb profits in 2012. Thats a a PE near 8 and a secure dividend near 4 pct. But everything is on sale lately..How about C near 30 or BAC @ 7,60 ??. You can double you money in 8 quarters buying good banks or you can panic now and safe your money @ 0,00000001 pct. I rather be long suffering. Will pay off !! good luck
Thanks. So I guess we may also need 5 usd per year earnings too for that target.(10 pe) I will keep my GNK. Like the potencial on DRYS and the future spinoff but dont trust it management...
too many shorts who bough 40 35 25 puts realize that the have 8 days left and will lose big time. I dont blame them.. Keep on trying !!! hey shorties..do you still want to pay 2.8 dollars for a 35 leh apr put????? jajjaj..
SO whats your trading plan.?? Sell @ 58 to buyback@ 55 because a analyst from S&P said so???..mmmm good luck,,,,
Fist they want you to short @ lower levels...
Financial stocks saw one of their biggest 24-hour reversals as the Fed saved the day by cutting the discount rate to 5.75%. Barron's sees opportunity in names like Countrywide (CFC - Cramer's Take - Stockpickr - Rating) and Genworth (GNW - Cramer's Take - Stockpickr - Rating).
Thanks..good call...Looks pretty fair for me too @ 21-22 usd. Bought a nice block aftermarket below 15.5 averaging down. This situation reminds me what happened with CROX in mid 2006. The stock went from 16 to 11..very similar OVERSTOCK SITUATION. I was near to kill those bastards !! and look what happened then. Now its trading around 57 and strong !!!!!. incredible no?.. My bet is HLYS can easely do as good as CROX or even better. I was in Paris with my little daughter like 3 months ago.She was using her HLYS all around. Nobody has a clue idea where to buy those shoes in Europe.Is that a Market???. Good luck. Hold tight longs..!!