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$0.75 -0.07 (-8.54%)
10/13/2008 2:40 PM

Friedman, Billings, Ramsey Group, Inc. (FBR)

CAPS Rating:
**

An investment banking firm that provides investment banking, institutional brokerage and asset management services and invests as principal in mortgages and mortgage securities and merchant banking investments.

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Ticker Not Ratable

FBR doesn't currently meet the $100M market cap / $1.50 stock price minimum. (Learn More)

What the Community Thinks

Total Members

108 Outperforms
56 Underperforms
 

All-Stars

11 Outperforms
33 Underperforms
 

Wall Street

2 Outperforms
1 Underperforms
 

Members bullish on FBR are also bullish on:

Members bearish on FBR are also bearish on:

Ticker Tags

Investment Brokerage - Regional (25), Micro Cap (4824)
Suggest a tag

Friedman, Billings, Ramsey Group, Inc. At A Glance

Current Price: $0.75
Last Trade Time: 10/13/2008 2:40 PM
Open: $1.00
Previous Close: $0.82
Daily Range: $0.75 - $1.00
52-Week Range: $0.40 - $4.79
Volume: 539,739
Market Cap: $292.52M
P/E Ratio: 0.00
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Stock Trends

FBR VS S&P 500 (SPY)

FBR 12 month chart vs. S&P

News & Discussion Boards

Top Bull Pitch

Recs

1

Friedman, Billings, Ramsey Group, Inc. (FBR)

Avatar TrackBrandes (< 20) Submitted: 2/22/08 12:23 PM

Charles Brandes owns 6971895 shares of Friedman Billings Ramsey Group Inc.. As of September 30th, 2007 FBR was up 16.76% over the last quarter, composed 0.06% of his portfolio, and he controlled 4.59% of the company.

Replies: 1 | Reply | Permalink

Top Bear Pitch

Recs

1

Friedman, Billings, Ramsey Group, Inc. (FBR)

Avatar CaseyAnthony (< 20) Submitted: 9/12/08 4:51 AM

Friedman Billings is on the dole to upgrade Level 3 Comunications stock?
Conflict of interest? network services for upgrade

Friedman Billings upgraded but didn't say Level 3 Communications stopped the integration of networks to save Quarterly losses.

Friedman Billings upgraded but didn't say L...More

Replies: 0 | Reply | Permalink

CAPS Members

picks per page. CHANGE

Results 1 - 5 of 34 :   1 2 3 4 5 Next »

Show Pitch Replies

Recs

1

 (FBR)

Avatar CaseyAnthony (< 20) Submitted: 9/12/08 4:51 AM : Underperform Start Price: $1.62 FBR Score: 27.70

Friedman Billings is on the dole to upgrade Level 3 Comunications stock?
Conflict of interest? network services for upgrade

Friedman Billings upgraded but didn't say Level 3 Communications stopped the integration of networks to save Quarterly losses.

Friedman Billings upgraded but didn't say Level 3 communication is letting Juniper M160 routers go into End Of Life Cycle to save money so Quarterly losses look less.

Friedman Billings states less Quarterly losses so upgrade.
Friedman Billings doesn't say this is because the integration of the 6 purchased companies has stopped CONTRADICTORY to what stockholders have been told

CEO Jim Crowe keeps pumping his spin about the failed integrations.

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Recs

0

 (FBR)

Avatar gainloss (54.95) Submitted: 9/10/08 2:07 PM : Outperform Start Price: $1.66 FBR Score: -29.01

I've been bearish on FBR for a while and some time in early 2008 did the math. I thought the company was worth $1.5/share when it was trading at $3.50. It was apparent the traders were not pricing in the writedowns that were obviously coming according to FBR's own filings. Hence, I stayed out.

Now, however, I redid the math given that they're back into the mortgage REIT business. They hold $3.2B of GSE backed debt. With that debt up 10% since the bailout this week alone, that should translate into a direct $250M increase in net tangible assets for FBR Group and another $90 for FBCM (of which FBR owns half).

So, unless my math is wrong, FBR should have a net liquidation value in the range of $500M to $620M assuming no further writedowns. Now, if they lose say half of their remaining non-GSE portfolio (a $100M writedown) that would leave them with net tangible assets of $400-$500M which is 60% to double up from the current market price.

Is there anything I'm missing? They are like a levered-up version of PIMCO's total return fund holding a ton of GSE paper when the spread with the 2-year treasury is sinking as we speak. I thought that bad boy should catapult up on the news but either the market doesn't care or is yet to catch up on the news (or my math is flawed).

Any thoughts?

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Recs

0

 (FBR)

Avatar jroack (< 20) Submitted: 9/02/08 9:31 AM : Outperform Start Price: $1.90 FBR Score: -31.34

long

Report this Post Replies: 0 | Reply | Permalink

Recs

0

 (FBR)

Avatar jwalsh71 (< 20) Submitted: 6/11/08 10:40 AM : Outperform Start Price: $1.62 FBR Score: -21.76

FBR has cleaned up their act, as far as we know, relinquishing their subprime-related assets. The 2M shares of insider buying is a nice sight, but that doesn't mean the company is necessarily healthy and undervalued. However, long term debt has declined over the past few years, and it seems that the company is managing its resources better. Although this company is in a tough market, it is undervalued (like many other companies) and can outperform the S&P if FBR's basement really is clean.

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Recs

0

 (FBR)

Avatar nradisic (< 20) Submitted: 5/24/08 1:02 PM : Outperform Start Price: $2.00 FBR Score: -29.53

No analyst coverage anymore after the stock went below $2. FBR had profit of 30 cents per share in Q1 vs. a loss of $1.73 in Q4....not many have picked up on the balance sheet clean up last year, well before most other financiala were hit with write down. Huge upside...

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Results 1 - 5 of 34 :   1 2 3 4 5 Next »

Wall Street

Results 1 - 3 of 3  

picks per page. CHANGE Expand All Pitches

Top
Pick		Member NameMember RatingStart
Date		CallTime FrameStart
Price		Stock
Gain		S&P
Gain		ScorePitch
TrackNWQ < 20 09/30/07 Outperform NS $4.61-82.65%-37.21%-45.44 Toggle the visibility of 60-Second Pitch and replies
TrackBrandes < 20 09/30/07 Outperform NS $4.61-82.65%-37.21%-45.44 Toggle the visibility of 60-Second Pitch and replies
TrackJimCramer 82.23 04/12/07 Underperform 3W $5.62-85.76%-33.77%+51.99

Results 1 - 3 of 3  

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