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$5.15 1.55 (43.06%)
10/10/2008 4:01 PM

Wachovia Corp (WB)

CAPS Rating:
**

Provides a wide range of commercial and retail banking and trust services through full-service banking offices located in states throughout the Southeast. The company provides various other financial services, including mortgage and investment banking.

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Avatar iamamartin (99.46) Submitted: 4/02/07 8:54 PM : Underperform Start Price: $49.83 WB Score: 53.29

Alt-A loans. Pitiching more option ARMS ????


Buys Subprime lender in October 2005 before the meltdown.


Has $1.6 Billion in Negative Amortization Interest on its books.


The housing meltdown has not really got going yet.

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