Financial stocks posts
FeedPosted Mar 3rd 2011 1:20PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Stocks to Buy, Financial Crisis
"Flagstar Bancorp (FBC), the Midwest savings bank that we recommended, as our favorite stock for 2011, remains a buy," says Mark Skousen.
The editor of Forecasts & Strategies explains, "The bank missed expected earnings, losing 74 cents per share, compared to an expected loss of 15 cents per share. But looking at the bigger picture, the news is better than those numbers reflect.
"Flagstar Bancorp technically lost $0.74 per share this year, but that's better than last year's loss of $1.53 per share. Moreover, if you look beyond the one-time charge for the sale of a bad loan portfolio, the per-share loss was only $0.06.
Continue reading Insiders and Institutions Bank on Flagstar Bancorp (FBC)
Posted Mar 2nd 2011 1:00PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Stocks to Buy, EZCORP (EZPW)
"As the old saying goes, banks are happy to make loans to anyone who can prove they don't need them," observes Alexander Green.
The editor of The Oxford Club explains, "But what do you do if you're a blue-collar worker with a checkered credit history, an uncertain unemployment picture and no high-quality collateral? These folks are turning to pawnbrokers such as EZCorp (EZPW).
"Based in Austin, EZCorp operates more than 1,000 pawnshops and payday loan storefronts in the United States, Canada and Mexico. It also has equity stakes in pawnshops in Britain and Australia.
Continue reading EZCorp (EZPW): Profits in Pawnshops
Posted Jan 19th 2011 10:30AM by Steven Halpern (RSS feed)
Filed under: Newsletters, Stocks to Buy, Housing, Recession
"MGIC (MTG) is the leading U.S. private mortgage insurer; in fact, the company claims to have founded the mortgage insurance industry in 1957," notes turnaround specialist George Putnam.
The editor of The Turnaround Letter explains, "After many years of relatively steady earnings, MGIC was forced to sharply increase its reserves beginning in 2007 as more homeowners began defaulting on their mortgages.
"As a result, the company posted large losses in each of the last three years, which reduced its capital to a precarious level. Almost all of the other mortgage insurers suffered similar fates, with several competitors being forced out of business.
Continue reading MGIC (MTG): Mortgage Turnaround?
Posted Jan 18th 2011 1:00PM by Steven Halpern (RSS feed)
Filed under: Insiders, Newsletters, Stock Screen
"KKR Financial Holdings (KFN) is a leading alternative asset manager; led by its founders, Henry Kravis and George Roberts, KKR specializes in large, complex buyouts," notes Mark Skousen.
The editor of The Hedge Fund Trader explains, "The company's edge is industry-leading private equity experience, in-depth industry knowledge, sophisticated processes for growing and improving businesses and an almost unbeatable information network.
"KKR has a history of landmark achievements in private equity, including the first leverage buyout above the $1-billion mark.
Continue reading Insider Shows Confidence in KKR Financial (KFN)
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