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A diversified financial services company. Its major lines of business are: mortgage banking, commercial banking, home equity lending, commercial finance and venture capital.
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spiritof78 (93.95) Submitted: 2/22/07 11:23 AM : Start Price: $20.97 IFC Score: -56.50
Deceptive earnings figures will cause some to avoid this company in the short term. Additionally its not going to show up in many screeners when investors search for ideas, due to the whacky trailing P/E ratio. However these numbers are very temporary the sale of the mortgage division (before the going got tough) and a renewed focus towards traditional regional banking makes them a strong competitor. Not to mention revenue from the sale has yet to be posted to the company coffers. Until then they will fly under the radar.
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