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