Astoria Financial Corp (AF)
The Company, through its wholly-owned subsidiary, Astoria Federal, attracts retail deposit and invests those deposits, together with funds generated from operations, principal repayments on loans and securities and borrowings.
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I'm a little premature with this one...because I'm waiting for them to halve their unsustainable dividend. Once they do that...watch it RIP to the upside.
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PreBuy77 and T77 VV
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real estate....says it all.
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WSJ says banks are becoming increasingly creative at masking loan losses, by doing things such as lengthening the time thresholds at which point debt is considered troubled, and moving toxic assets over to non-balance-sheet subsidiaries. "Spending all the time gaming the system rather than addressing the problems doesn't reflect well on the institutions," Moody's David Fanger says. Banks cited include AF, BBX, WB, WM and CNB.
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Stock isn't popping, Insiders cashing out meltdown expected, wheat is growing thin and London is calling.
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Another overvalued company with a target price around $27 by valuation numbers. Negative revenue and earnings growth signals a short-term trend that will be hard to reverse.
Company is also saddled with $6+ B in debt.

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