Flagstar Bancorp Inc (FBC)

[guster0]

following the PPS lately one would think this company is headed into BK. I looked at the numbers here: http://www.depositaccounts.com/banks/flagstar-bank.html
and I just can't get it into BK.

But seems something is horriable wrong here if you look at PPS. She can't even get 50% of BV at approx 1.63 PPS.

I know the street is going to punish her for asset sales but I still can't see where the asset sale won't put them in the black for Q4 2011???

Then management is not talking much and no dog & pony shows lately has me a little on edge.

Now how we got to .46 PPS at close yesterday is another one I can't explain either. Seems we closed at .501 but someone slipped her a mickey and she fainted right when the bell rang??? I had a buy in at .49 all day on Friday and it DID NOT go off??? Why???

Did get some A/H for .485 But just like the PPS I can't explain anything here at all.
What gives at FBC??????????

Does she go BK??????????? If so what am I missing????????????