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Saturday, 07/26/2014 5:50:49 PM

Saturday, July 26, 2014 5:50:49 PM

Post# of 197
Our second-place stock on Wednesday made such an astounding gain that it would have led our list on almost any other day. Shares for Broadway Financial Corporation (NASDAQ:BYFC) skyrocketed 72.90 percent to $2.68. Broadway Financial is the holding company for Broadway Federal Bank, a Los Angeles-based bank which came upon hard times during the Great Recession because approximately 25 percent of its loans were to churches and a large number of those were problematic. By the second half of 2012, Broadway Federal Bank had repossessed seven churches. There was no readily-available reason for Wednesday’s huge advance. Somebody must have put a lot of money in the collection basket.
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  • 1D
  • 1M
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  • 6M
  • 1Y
  • 5Y
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