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Comments for DSL

Added By	Comments	Type	Date Added
barrons2	Washington Mutual (WM), Wachovia Bank (WB), Capital One (COF), National City (NCC), Huntington Bancshares (HBAN), Downey Financial (DSL), BankUnited Financial (BKUNA) and Corus (CORS).	Love	March 13, 2008
autzens12thman	Massive Southern California housing market exposure, mostly $500k+ loans! Spent all of '06-'07 treating negative amortizing loans as income!	Hate	February 02, 2008
dustyleigh	potential buyout	Love	December 16, 2007
eeroenomaa	Smart strategy now	Love	October 14, 2007
barrons2	There are several banks -- two of them on the West Coast, FirstFed Financial (FED) and Downey Financial (DSL), and one of them in Florida, BankUnited (BKUNA) -- that have a lot of these so-called option adjustable-rate mortgages, for which you don't have to pay the interest for a long time, and so they won't show defaults for several quarters still -- but when they do, the defaults will jump very sharply.	Hate	October 13, 2007
barrons2	Market Perform - Price 59.37 on Oct. 10 by Friedman Billings Ramsey Downey Financial, the second-largest thrift operating in California, is the holding company for Downey Savings & Loan Association....We are downgrading DSL to Market Perform from Outperform and lowering our price target to 60 from 85, to reflect continued weakening and uncertainty in California's housing market. Our new target represents 1.2 times year-end estimated tangible book value of 52 and 13 times our revised FY08 EPS estimate of $4.65....We do not believe any thrift or large holders of residential mortgage loans will trade higher until nonperforming loans stabilize, which could take another four to six quarters. On Oct. 10, DSL preannounced earnings and expects to report an operating loss of approximately $23 million, or 84 cents per share. Earnings during the quarter were impacted by an $82 million loss provision and a $9 million valuation adjustment on real estate held for development. We believe credit trends have eroded more quickly than management expected, and with better knowledge of current and expected losses, management is taking reserve balances up accordingly.	Love	October 13, 2007
barrons2	You can, of course, play Downey Savings (DSL) and First Fed (FED) but everyone is afraid that they have huge exposure to bad loans and don't know their borrowers well enough.	Love	October 11, 2007
sarah z	You need to think about a stock like a Downey (DSL). Or a First Federal Bank (FED). These are heavily shorted stocks where the short case is going to go away.	Love	September 19, 2007
Beau	Everyday it takes out new lows. As far as being a takeover target, this article makes a good point that BV is overstated. http://financial.seekingalpha.com/article/41906	Love	July 26, 2007
mondello	dog	Hate	July 24, 2007
bad57	buy out	Love	July 17, 2007
connected	banking	Love	July 13, 2007
david@williamsgroup.net	Action Alert	Love	July 06, 2007
bartbanking	good fundamentals, possilbe take-over target per cramer	Love	June 21, 2007
Guest	The financial is Downey Financial (DSL). With the default risks well priced in -- witness the $51 book value and $69 price, and these are going out at twice book -- now the stock is ready to rocket. It is almost a pure play on the spread of short rates to long, and it will begin to make a ton of money on the core loans.	Love	June 13, 2007
Hark	Cramer had up to 50% in banks at his Hedge Fund. Cramer knows banks!	Love	May 31, 2007
Guest	Finally there is Downey Financial (DSL). I don't think this company will be public a year from now and it is worth $100. Ever since I highlighted it on "Mad Money" last month, it has been pretty much straight up -- a slow crawl, but the right direction. Suddenly it is down almost a dollar. I would take advantage of that and buy it right now.	Love	May 31, 2007
new_bull	takeover target, short sqeeze candidate - Cramer's recommendation	Love	May 30, 2007
eujalo	poss. buy out pick	Love	May 15, 2007
svhfmh	After listening to Wachovia's quarterly conferrence call when they talked about Golden West and how it was helping their bottom line, I wanted another west coast mortgage company that was unknown.	Love	May 07, 2007
duacolv	financial	Love	May 02, 2007
brian614	Fed cut, take over, short squeeze	Love	May 01, 2007
Greg H	Possible takeover candidate.	Love	April 30, 2007
jaytay	My spec play	Love	April 28, 2007
zamelis	Mad Money, and the need for a financial	Love	April 27, 2007
COMMANDERJWW1946	CRAMER FINANCIAL WITH HIGHER EARNINGS EACH QTR POSSIBLE TAKE OVER	Love	April 26, 2007
vika33	Downey Financial CP - per Jim Cramer's recommendation; currently undervalued, a primary takeover target. Great potential risk-reward ratio.	Love	April 23, 2007
vatiger	cramer recommended this	Love	April 22, 2007
jacksonpine129	Cramer idea- financial with good earnings and guidance (turnaround)	Love	April 20, 2007
jwhite	great eatio good earnings low debt ra	Love	April 19, 2007