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$2.42 0.09 (3.86%)
10/7/2008 11:10 AM

Downey Financial Corp. (DSL)

CAPS Rating:
*

The Company operates as the holding company for Downey Savings and Loan Association, F.A. that provides financial services to individual and corporate customers and engages in real estate development activities, primarily in California.

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Recs

3

Avatar CubsBearsBulls43 (99.55) Submitted: 3/14/07 10:52 AM : Underperform Start Price: $60.84 DSL Score: 87.47

On the face of it, this is a strong company and a nice value stock. Nice sales and profit growth trends. Price/value at only 1.22. P/E of about 8. However, those last two statistics also may foretell of ominous things about to happen to the mortgage market. I think we can play this down until after they make their first announcement of large portfolio defaults. Either way, in this mortgage environment, I doubt there will be much upside in the near term.

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