Washington Mutual Inc

WAHQE-Q2

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about WAHQE-Q2

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 10, 2008
His best guess is that a year from now it will not be around.
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His best guess is that a year from now it will not be around.
WAIT
WAIT
July 4, 2008
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.
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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.
DON'T BUY
DON'T BUY
December 13, 2007
Cut their dividends. Highly leveraged to the mortgage industry.
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Cut their dividends. Highly leveraged to the mortgage industry.
COMMENT
COMMENT
November 5, 2007
Caught up in the mortgage mess in the US. Thinks it’s all right but hasn’t spent the time looking at it. You’ll have to do your work on this to see how affected their mortgage business is.
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Caught up in the mortgage mess in the US. Thinks it’s all right but hasn’t spent the time looking at it. You’ll have to do your work on this to see how affected their mortgage business is.
SELL
SELL
October 2, 2007
Involved very much in the mortgage market in the US.
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Involved very much in the mortgage market in the US.
SHORT
SHORT
September 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.
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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.
SELL
SELL
August 22, 2007
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.
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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.
SELL
SELL
August 8, 2007
Great branch network. Because of its big concentration on home mortgages, it is not the right place to be. Wonderful dividend yield. Why be there with the currency factor?
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Great branch network. Because of its big concentration on home mortgages, it is not the right place to be. Wonderful dividend yield. Why be there with the currency factor?
DON'T BUY
DON'T BUY
November 2, 2006
Coming close to some key support around $42. If it breaks through, it could potentially move back to the $35 area of October/05. Very leveraged to the mortgage market and the US housing sector is weak.
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Coming close to some key support around $42. If it breaks through, it could potentially move back to the $35 area of October/05. Very leveraged to the mortgage market and the US housing sector is weak.
DON'T BUY
DON'T BUY
October 3, 2006
4.8% dividend. A very well run bank. There is potentially some problems in the housing market. Hasn't moved much in the last year.
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4.8% dividend. A very well run bank. There is potentially some problems in the housing market. Hasn't moved much in the last year.
HOLD
HOLD
June 23, 2006
An exceptionally well-run bank. Have a big exposure to the mortgage market and big lenders to the real estate market in the US. There could be some bumpy days ahead of them. A very attractive takeover candidate. Nice dividend.
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An exceptionally well-run bank. Have a big exposure to the mortgage market and big lenders to the real estate market in the US. There could be some bumpy days ahead of them. A very attractive takeover candidate. Nice dividend.
WAIT
WAIT
January 31, 2006
An excellent company. An acquisitor. Like all financials in the US they have a flat yield curve and he wouldn't expect big growth in terms of earnings per share. Expects that interest rates will start dropping in the US and he would wait to see what happens.
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An excellent company. An acquisitor. Like all financials in the US they have a flat yield curve and he wouldn't expect big growth in terms of earnings per share. Expects that interest rates will start dropping in the US and he would wait to see what happens.
VAGUE
VAGUE
May 2, 2005
(Thoughts on caller's PUT for Jan/07 @ $35.) Believes there is a real estate bubble but that it may go for another couple of years, beyond your 2007 date. Anyone doing a lot of high ratio mortgages in the US will be negatively impacted by a bubble. A PUT option gives you limited risks, even if you are wrong.
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(Thoughts on caller's PUT for Jan/07 @ $35.) Believes there is a real estate bubble but that it may go for another couple of years, beyond your 2007 date. Anyone doing a lot of high ratio mortgages in the US will be negatively impacted by a bubble. A PUT option gives you limited risks, even if you are wrong.
BUY
BUY
December 24, 2004
Model price has been increasing and is almost $50. Earnings estimates have been increasing.
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Model price has been increasing and is almost $50. Earnings estimates have been increasing.
HOLD
HOLD
November 12, 2004
Has grown up very quickly in the last 10 years or so. Now trying to morph into a retail bank which has proven to be painful. Has not been able to change its cost base quick enough to handle the circumstances.
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Has grown up very quickly in the last 10 years or so. Now trying to morph into a retail bank which has proven to be painful. Has not been able to change its cost base quick enough to handle the circumstances.
DON'T BUY
DON'T BUY
September 10, 2004
Reducing their weight on US financials and moving into techs. Earnings have dropped. Have a model price of $44.
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Reducing their weight on US financials and moving into techs. Earnings have dropped. Have a model price of $44.
HOLD
HOLD
August 6, 2004
Has made a few mistakes in its hedging policies. If 10-year treasury moves up to 5% by year-end, their results will be poor.
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Has made a few mistakes in its hedging policies. If 10-year treasury moves up to 5% by year-end, their results will be poor.
BUY
BUY
April 16, 2004
Has had a big correction so a good time to buy.
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Has had a big correction so a good time to buy.
PAST TOP PICK
PAST TOP PICK
February 20, 2004
(A top pick Dec 12/03. Up 12%.) Likes the long-term. One of the fastest-growing retail banks. These 4% dividend yield.
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(A top pick Dec 12/03. Up 12%.) Likes the long-term. One of the fastest-growing retail banks. These 4% dividend yield.
TOP PICK
TOP PICK
December 17, 2003
Has been hit hard in the last week or so because of reduced earnings estimates. Making a lot of money off of mortgage refinancing.
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Has been hit hard in the last week or so because of reduced earnings estimates. Making a lot of money off of mortgage refinancing.
TOP PICK
TOP PICK
December 12, 2003
(A past top pick Sept 26/03. Up 1.3%.) Has gone from the massive refinancing boom in the US into servicing revenues on mortgages. Long-term, a powerful cash flow generator.
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(A past top pick Sept 26/03. Up 1.3%.) Has gone from the massive refinancing boom in the US into servicing revenues on mortgages. Long-term, a powerful cash flow generator.
DON'T BUY
DON'T BUY
December 10, 2003
Just announced they are going to miss their earning numbers this year. Going to reduce staff. Stock has dropped. Mortgages are not what they were and rates will go up sometime.
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Just announced they are going to miss their earning numbers this year. Going to reduce staff. Stock has dropped. Mortgages are not what they were and rates will go up sometime.
DON'T BUY
DON'T BUY
December 5, 2003
Generates significant earnings. Higher interest rates and higher mortgage rates could slow down their business.
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Generates significant earnings. Higher interest rates and higher mortgage rates could slow down their business.
DON'T BUY
DON'T BUY
November 13, 2003
Pay their top brass too much. Usually, for him, that is a signal not to buy.
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Pay their top brass too much. Usually, for him, that is a signal not to buy.
STRONG BUY
STRONG BUY
November 11, 2003
Has a price to earnings of 10. Great return on equity. Dividend of 3½%. Have been doing some very good things in marketing recently. Still has a fair valuation.
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Has a price to earnings of 10. Great return on equity. Dividend of 3½%. Have been doing some very good things in marketing recently. Still has a fair valuation.
BUY
BUY
October 7, 2003
Well respected. Excellent customer service.
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Well respected. Excellent customer service.
TOP PICK
TOP PICK
September 26, 2003
One of the best retail banking franchises in the US. Over 4% dividend yield. Trading at nine times earnings. Growing organically.
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One of the best retail banking franchises in the US. Over 4% dividend yield. Trading at nine times earnings. Growing organically.
DON'T BUY
DON'T BUY
September 25, 2003
Still likes this company, but with the falling US dollar, sell and move into the Canadian sector.
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Still likes this company, but with the falling US dollar, sell and move into the Canadian sector.
WAIT
WAIT
July 17, 2003
A great bank, but prefers Wells Fargo. Nice dividend. Mortgages may slow down.
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A great bank, but prefers Wells Fargo. Nice dividend. Mortgages may slow down.
DON'T BUY
DON'T BUY
May 23, 2003
A decent company. Growth is by acquisition. Thinks the mortgage market is tapped out, so difficult to earn a spread.
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A decent company. Growth is by acquisition. Thinks the mortgage market is tapped out, so difficult to earn a spread.
BUY
BUY
May 6, 2003
Should plateau out here for awhile. Buy and hold.
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Should plateau out here for awhile. Buy and hold.
PAST TOP PICK
PAST TOP PICK
April 17, 2003
(Was a top pick on Aug 21. Down 3.7%.)
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(Was a top pick on Aug 21. Down 3.7%.)
TOP PICK
TOP PICK
March 24, 2003
Very cheap. Conservative. 3.25% dividend.
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Very cheap. Conservative. 3.25% dividend.
BUY
BUY
January 10, 2003
One of the best retail banks in the US. Trading at 8.5/9 X earnings. Well run.
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One of the best retail banks in the US. Trading at 8.5/9 X earnings. Well run.
BUY
BUY
October 15, 2002
Well run. Limited losses compared to other banks.
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Well run. Limited losses compared to other banks.
BUY
BUY
October 7, 2002
Down because mortgage business is slowing. Dividend is good. Growth could be slow.
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Down because mortgage business is slowing. Dividend is good. Growth could be slow.
TOP PICK
TOP PICK
August 21, 2002
(Was a top pick on Mar 15. Up 8.6%.) Good retail strategy.
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(Was a top pick on Mar 15. Up 8.6%.) Good retail strategy.
PAST TOP PICK
PAST TOP PICK
July 25, 2002
(Was a top pick on Jun 20. Down 11%) Still likes.
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(Was a top pick on Jun 20. Down 11%) Still likes.
HOLD
HOLD
July 17, 2002
Good track record. Long term hold.
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Good track record. Long term hold.
TOP PICK
TOP PICK
May 28, 2002
(Was a top pick on Mar 12. Up 13%) Still likes. Steady performance.
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(Was a top pick on Mar 12. Up 13%) Still likes. Steady performance.
DON'T BUY
DON'T BUY
May 1, 2002
Refional player in mortgages. Interst rates could go up. Prefers JP Morgan Chase or Citi Group.
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