Replies to post #762 on Flagstar Bancorp Inc (FBC)

[guster0]

They had until August. That could be extended due to poor market conditions ( like we are in now).
Will it be extended I don't know but looking at the facts I would say lt's possiable. I also expect FBC to break- even (again) this qtr if not beat estimates. More fuel for the fire if market won't allow one dollar PPS then we should get an extension before a R/S would be needed.. IMHO
How long can you trade -50% below book with near record revenue's and something big not happen?
GLTA!!!

[Ecomike]

Good point, CRBC did do well after the R/S, as I was holding shares there, like I am here with FBC. Also, to my own surprise, another one I was long on, rallied hard after a R/S and it was a biotech with no current revenue, just great cancer drug pipeline, CYTR. So not all R/Ms are bad. Sad to say I did get burned (so far) by the prior FBC R/S. But like CRBC, I am in FBC for the long haul return to profits!!!!!