AI
Friday, October 19, 2007 1:09:42 PM
COF still falling
Wachovia (WB 47.15, -0.99) reported third quarter earnings of $0.90 per share, which was $0.14 less than the consensus estimate. Punk Ziegel and Friedman Billings downgraded the company to Market Perform. Ziegel based its downgrade on the significant deterioration in the quality of Wachovia's loan portfolio as evidenced in its third quarter report.
very tempting to buy WB PUT
Wachovia (WB 47.15, -0.99) reported third quarter earnings of $0.90 per share, which was $0.14 less than the consensus estimate. Punk Ziegel and Friedman Billings downgraded the company to Market Perform. Ziegel based its downgrade on the significant deterioration in the quality of Wachovia's loan portfolio as evidenced in its third quarter report.
very tempting to buy WB PUT
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