Barron's Financial Shares Worth A Look
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Created by barrons2
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Date updated:08-18-2007

From Barron's 8-19-07:

Financial stocks enjoyed one of their biggest 24-hour reversals in recent history as gloom Thursday afternoon gave way to hope Friday morning when the Federal Reserve surprised Wall Street by reducing its discount rate to 5.75% from 6.25% and signaling that reductions may be coming in its most important benchmark, the federal-funds rate, now at 5.25%.

symbol name last price % change open
  • +
  • CFC
    Cfc
  • $0.00
  • N/A
  • $N/A

"Countrywide has a great franchise. It has historically been well run," says David King, manager of the Putnam New Value fund, a Countrywide holder. "When a large financial company trades below book value, it implies that people feel it may not make it."

People owning CFC also tend to own: BACAAALLAPCBACCAT

TheStreet.com Rating: C What is this?

  • +
  • MTG
    M G I C Invest Cp
  • $4.27
  • -0.23%
  • $4.37

"MGIC, at $36.64, trades for a fraction of its book value of $54 a share. Even assuming a full write-off of its C-BASS investment, MGIC still would have a book value of around $50."

People owning MTG also tend to own: CFCCORSHRBIFCSTNWAGWFMI

TheStreet.com Rating: D- What is this?

  • +
  • GNW
    Genworth Financia
  • $3.17
  • +12.01%
  • $2.85

"Genworth Financial, an insurance spin-off from General Electric, is the safest bet among the major mortgage insurers because it gets just 15% of its profits from that business. Genworth, at $30.15, trades right around book value and for less than 10 times this year's estimated profits."

People owning GNW also tend to own: ABDAFFMAGOAIZALJAMPATLS

TheStreet.com Rating: D What is this?

  • +
  • DCOM
    Dime Community Ba
  • $13.36
  • +3.73%
  • $13.01

"Thomas Kahn, a partner at Kahn Brothers, a New York investment firm, takes a different financial tack, favoring well-capitalized thrift institutions that could be taken over as the banking industry consolidates."

People owning DCOM also tend to own: AFAIGALABAXPBACBBXBKUNA

TheStreet.com Rating: C What is this?

  • +
  • FFIC
    Flushing Financia
  • $11.54
  • +0.26%
  • $11.66

"Thomas Kahn, a partner at Kahn Brothers, a New York investment firm, takes a different financial tack, favoring well-capitalized thrift institutions that could be taken over as the banking industry consolidates."

People owning FFIC also tend to own: CFCDCOMFNFGGNWMTGAMRBAPAB

TheStreet.com Rating: C+ What is this?

  • +
  • FNFG
    First Niagara Fin
  • $15.50
  • -0.51%
  • $15.70

"Thomas Kahn, a partner at Kahn Brothers, a New York investment firm, takes a different financial tack, favoring well-capitalized thrift institutions that could be taken over as the banking industry consolidates."

People owning FNFG also tend to own: CVSNITEYHOODRLHRAYLVLTDESC

TheStreet.com Rating: B What is this?

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