Penny Stock Millionaire

[naskon]

Heres all my DD on FBC guys

Nathan Vardi, 10.05.11, 06:00 PM EDT
Forbes Magazine dated October 24, 2011
David Matlin was one of the best distressed investors on Wall Street. Then he bet $1 billion on Flagstar Bancorp.

http://www.forbes.com/forbes/2011/1024/investing-private-equity-matlin-investor-flagstar-bancorp-nathan-vardi.html?partner=yahoomag



The Non performing branches have been sold off.

http://finance.yahoo.com/news/Flagstar-Completes-Sale-prnews-467110138.html?x=0

http://finance.yahoo.com/news/Flagstar-Completes-Sale-Its-prnews-2240906096.html?x=0



Cantor Fitzgerald Upgrades Flagstar Bancorp (FBC) to Buy; Upbeat Management Visit Encouraging 3Q:11 Results

Cantor Fitzgerald upgraded Flagstar Bancorp (NYSE: FBC) to Buy, price target raised from $1.10 to $1.50.

Cantor analyst says, "In September, we spent a full day with Flagstar senior management and had some very positive takeaways. Based on those takeaways and on confirming 3Q:11 earnings, we are upgrading Flagstar."

For an analyst ratings summary and ratings history on Flagstar Bancorp click here. For more ratings news on Flagstar Bancorp click here.

Shares of Flagstar Bancorp closed at $0.67 yesterday, with a 52 week range of $0.45-$1.90.


http://www.streetinsider.com/Upgrades/Cantor Fitzgerald Upgrades Flagstar Bancorp (FBC) to Buy; Upbeat Management Visit + Encouraging 3Q:11 Results/6954432.html



6 Month chart has a very obvious triple bottom with blowout earnings expected in 2-3 weeks. This is a $1.20 stock just going into earnings. Last time FBC posted a profit the common was $20 a share.

MACD turned positive and the RSI turned upwards as well. This is going to get VERY interesting.


http://stockcharts.com/h-sc/ui?s=FBC&p=D&b=5&g=0&id=p16915822787




http://stockcharts.com/h-sc/ui?s=FBC&p=D&b=5&g=0&id=p16915822787


CEO says NO RS and that market will correct stock price after earnings.......

From the last earnings call transcript. Quote from the CEO (what more proof do you need since this is coming from the top dog at the company).

http://seekingalpha.com/article/302468-flagstar-bancorp-ceo-discusses-q3-2011-results-earnings-call-transcript?part=qanda

Mark Steinberg – Dawson James

Good morning. I had a question with regard to the New York Stock Exchange 1A [ph]. And my question is what immediate action is being taken now to keep the shares above $1?

Joseph Campanelli

We’re actually planning to return company in profitability. We’re not engaged in try and manipulate the price of stock and part of placed obviously.

Mark Steinberg – Dawson James

No, no, I didn’t mean to imply that. Please, don’t take it that way. But my question is something like a reverse split on the table what are you seeing?

Joseph Campanelli

Yeah. We believe executing our plan to get back to profitability will have the greatest impact on our market valuation.

Mark Steinberg – Dawson James

Okay. So may I…

Joseph Campanelli

We’ve started making money and I think the market will take care of our stock price.

Mark Steinberg – Dawson James

Okay. So may I assume at this point then that a reverse split is not on the table?

Joseph Campanelli

No, it’s not on a table.

Mark Steinberg – Dawson James

Okay. Thank you very much.