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The Company is a savings and loan holding company. Its business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB, a federally chartered stock savings bank.
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Foxpicker (37.54) Submitted: 11/07/07 11:07 AM : Start Price: $6.21 FBC Score: -17.50
Trading at discount to book value. Will survive mortgage crisis. Will gain market share, spreads will increase, cost of funding is getting cheaper due to fed cuts. Potentially valuable core deposit franchise in branch network. Takeover or privitization candidate.
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