Tag Archives: Flagstar Bancorp
Flagstar has been on a tear since it’s reverse split. They finally turned a profit 2nd quarter of 2012, and reported profit again in 3Q. Looking exhausted on weekly, could fall back to EMA’s around 12.50, opening up a good entry point. Over 20 continued upside. Very bullish
Over 17 continued upside on daily.
Flagstar Bancorp has been beaten down by heavy non-preforming loan losses, and dilution. I believe this is an extreme long term value play, and should see massive upside growth in the next 2-3years. Today Flagstar reported Q1 earnings at a loss of -$.06 per share, compared to a loss of -$.74 in Q1 of 2010. I believe Flagstar has a chance to breakeven, or report positive earnings next quarter. Technically Flagstar just broke out of a nasty month and a half downtrend from March 1st. A break of the $1.60 level is essential, and if broken i believe this is a $2 in the short term. One positive results are shown and some shares can be repurchased, this one will definitely take off in my opinion.