Thursday, April 07, 2005

Heads Up On Doral Financial

A mortgage banking company that has been covered here before is back in the news. As of this writing, the only news is that Doral Financial Corporations' stock has taken another tumble in the past week. Should any reader know of a reason for the latest sell-off, please tell.

5 Comments:

At 12:48 PM, Anonymous Anonymous said...

Interest rate worries:
http://www.newratings.com/analyst_news/article_740953.html

Price target reduced from $55 to $27:
http://www.newratings.com/analyst_news/article_740883.html

The present stock price is $19.34 and falling.

Lots of (bad) news here http://finance.yahoo.com/q/h?s=DRL

 
At 12:56 PM, Blogger Ben Jones said...

Anon,
Thanks, I'm sure all the readers appreciate the links, as do I..Ben

 
At 2:36 PM, Blogger John Law said...

canary in the coal mine?

 
At 2:58 PM, Anonymous Anonymous said...

The action in Dorals' stock is odd. I read today that it is now trading under book value (I didn't check it). And the company makes money, so something must be up.

 
At 3:31 PM, Anonymous Anonymous said...

Some probably shorted it and there wasn't enough base to support it. Obviously nobody really disagrees with the price the stock is currently at or they would be buying it.

Are you going to buy some ? Does it look like a winner to you ? The target price was reduced from $55 to $27 for a reason. The fundamentals must be soft.

 

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