Flagstar Bancorp Inc (FBC)

[Ecomike]

This is very close to a correction bottom buy now IMHO. Oversold, and not yet bouncing. Higher interest rates are said to be good for the banks, like this regional one in what was one of the hardest hit markets in 2008-09. Growth should have far less headwind for this regional bank. Dividend news may trigger a wave of buying if they declare a return to paying them, and the PE is very reasonable.

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Ecomike Friday, 11/03/17 04:38:23 PM
Re: Ecomike post# 1323 0
Post # of 1324

Looks like a down day for bank stocks today, perhaps they did not like the home sales news. Over reaching no doubt, due to the hurricanes...Next stop here is $40/share