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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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Checkinshorts (< 20) Submitted: 1/30/08 8:10 PM : Start Price: $31.33 DSL Score: 71.51
1) NPA's thru the roof2) More than 80% of loans are ARM's3) More than 80% of loans are in CA & AZ4) Had to reclassify $99mil. in loans as NPA's5) Retail banking business will be hurt in coming mont...
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henncoop (94.77) Submitted: 4/02/07 5:07 PM : Start Price: $62.57 DSL Score: 69.82
bad loans make their way up the chain
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