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E-Trade Financial Stock Carries High Risk-Reward

By Faisal Laljee

E-Trade Financial (ETFC) has had its share of problems. A few years back, E-Trade was the biggest competitor to TD Ameritrade and the stock traded together with the brokerage stocks. Yet, since the mortgage headlines began to hit the wires last year, the stock has dropped from $23 to $3 today. In fact, the... »

Countrywide and Bank of America – What is the true value of the deal?

By Faisal Laljee

It is hard from individual investors sitting on the sidelines to come up with a resonable valuation. I have seen publications and websites state that the price BAC is paying for CFC is $6.90. Today I saw this article on fortune.com titled Betting against the BoA – Countrywide deal. I recommend you read it... »

Time to Cover Countrywide

By Faisal Laljee

There is just so much beating a stock can take. Yes Countrywide (CFC) is a mess and has been for the last 12 months. The stock has lost most of its value and is down from $45 last February to less than $6 at one point today. The company’s market cap has shriveled down... »

The Countrywide Conundrum

By Faisal Laljee

On one hand, the credit crunch and mortgage industry woes will hurt Countrywide. On the other hand, they will be the only large player still standing when the smoke clears. So how does one play the stock? I made money on the long side, and then on the short side. At this point, it... »

Countrywide’s Woes Worse Than Expected

By Faisal Laljee

I was quite surprised to hear so much bad news out of Countrywide (CFC). I had written positively about them back in April and enjoyed a brief double digit gain on my recommendation over the last couple of months, but with the comments out of Countrywide this week, I believe the worst is yet... »

10 Earnings to Watch Today

By Faisal Laljee

I don’t normally write about day to day earnings, but I am feeling a little inspired. Lets call it a Dow 13000 moment. Broadcom (BRCM) – The way semi conductors like FFIV and TXN did, I think BRCM’s will be a good report, but its risky just based on their past performance. Cleveland Cliffs... »

Mortgage Fallout Will Shelter Countrywide but hurt Choicepoint and Bankrate

By Faisal Laljee

The fallout from last month’s subprime headlines did not have any impact on players not involved directly with the mortgage business. In fact, while the stocks of all mortgage lenders dropped off a cliff, companies that have exposure to the mortgage sector, but that don’t directly participate in the lending process have kept their... »

Will the Sub-Prime Mortgage Issues Have an Adverse Impact on the Markets

By Faisal Laljee

This is a question that most investors are pondering, including myself. Will Sub-Prime Mortgage Issues Impact our Financial Markets in a Way not seen since the Enron scandal? While I am not sure of the answer, here is my point of view. It all started with HSBC warning of higher delinquincies in their mortgage... »

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