Momentum Players

[naskon]

FBC DD below guys LOOOOAD UP $$$$$$$

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 4 weeks. This is a $1.20 stock just going into earnings. Last time FBC posted a profit the common was $20 a share.

MACD looks to be turnng positive and the RSI looks to be turning upwards. 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