Stock price when the opinion was issued
We will mark questions 'private' if a similar question has already been posted or if there are too many symbols within one question. FN EPS of 72c beat estimates of 67c. Revenue of $503M was nicely ahead of estimates and rose 21%. Total assets rose 5% to ~$46B. The company expects lower mortgage orginations as recent rate hikes continue to impact demand. The stock is very cheap, with a good dividend, and should do better as interest rates ease. We would consider it a buy for income investors, and it is one of our favourites within the mortgage sector.
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Buy on the dip or wait? They were seriously looking at this stock, but never bought it. A descending triangle, technically you want to buy on the breakout, and it just recently broke out. So long as its hold above $27-26 it's probably a buy. 6% yield.