Doral Finl Corp (NYSE:DRL)
The Company manages its business through four operating segments - mortgage banking, banking, insurance agency and institutional securities.
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trading below my adjusted tangible book.
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DRL is actually quite a solid pick - locally leading mortgage company in PR, book value of $3.5, profitable again, expanding in the US. Long-term I see a lot of room to grow for this one, but patience is required.
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technicals are mega bad
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JANUARY 2011
@ or below $1.60 looking for at least 50%
GOD BLESS! Healthy and Happy New Year
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DRL is obviously regrouping after suffering what many banks have suffered--writing off loans in the real estate crisis. But the company is rebuilding with a much smaller footprint.
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some funds bought this stock in second quater, and bought a lot of...... watch for outperform :)
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Can it do down any further!?
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Despite everybody hating this stock, its finally gone profitable for the first time since 2006. If it can keep up the profits they will go up big time. If only they manage to get back to book-value that would turn it into 350% gains. Especially since wall-street hates this stock (5 x underperform 0 x outperform), with only 9 % of institutional ownership left they only need to convince those institutions by keeping up the profits for me to be right with the green thumb up :)
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Financial stocks carry a P/E ratio of 22.4, and the so-called "recovery" has been especially strong in bank stocks. Therefore, I’m concentrating my shorting interest in the banking sector.
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This is about as bad as bad stocks go. It was bad even before the recession.
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Headstart
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Because of the incompetence of the top management tey are loosing a lot of business.
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Mortgage Investment. 1 star.
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A slammed stock for some shifty accounting; but nothing fundementally wrong with the company.
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Company should recover providing Puerto Rico's economy perks up a little.
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This stock will be $100 in 2-3 years.
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Squeeze play here.
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mortgage investment
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