Opinions
David Baskin
Washington Mutual Inc
WAHQE-Q2
SHORT
Sep 26, 2007
Very concerned about regional banks in the U.S. Housing situation is far from at a bottom, we’re going to see increased defaults on credit cards and on mortgages. More of a mortgage lender than more banks so will suffer more. Not a bad short. Easily go down to $20.
$35.660
Stock price when the opinion was issued
trust, savings and loan
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
SELL
More bullish on the brokers than on banks. T-bill market in the US has had big demand so rates have gone down about 2%. This has created value in financials. His model price is $48.33, a 26% positive differential. As the T-bill market gets back the interest rate will go up. Financials will be a hard group in the next couple of years.
trust, savings and loan
WAIT
Recently went on his Stock Watch list, which has over 200 companies. Once he finds a company, he doesn't go in for at least 6 months. Could be a Buy towards the end of the year when tax loss season is down. He wants to see that there is stability in the stock price and that the company will survive.
trust, savings and loan
Advertising