Nov 11, 2009, 10:34am
Nov 10, 2009, 8:45am
One day after IndyMac, the largest independent home lender in the United States, announced it would cease making new loans, was not considered well-capitalized by regulators, had no bidders for its assets and would fire about half its workforce, an analyst at Friedman, Billings, Ramsey & Co. cut his price target on the company. Keen market insight there.
IndyMac Bancorp shares dip; analyst sets $0 target [Associated Press]
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Posted by AJ , Jul 08, 2008 11:56AM
Research is useful for initiating reports and updates that give you a nice overview of a company. Research is useless for actual investment advice.
Posted by guest , Jul 08, 2008 12:01PM
Those who say don't know and those who know don't say.
Posted by guest , Jul 08, 2008 12:04PM
Agreed.
Ambac, MBIA, GM, etc. etc.
If you are taking someone else's advice, you are getting fleeced......unless of course it is Cramer.
Posted by guest , Jul 08, 2008 12:14PM
@ 12:01
Agreed.
Posted by guest , Jul 08, 2008 12:22PM
I beleive IndyMac was founded by Countrywide and then spunoff with the brash young man by the name of Mike Perry at the helm.
They had a near death expirience back in the late ninties when they were a REIT and their wholesale funding disappeared.
Posted by guest , Jul 08, 2008 12:52PM
@ 12:01
I like the sound and balance of the sentence and what it says. Like most sayings our brain does a little flick with it, nice candy, and we feel that we are smart. However, once you get over the little high, a closer look reveals it to be more "ah shucks" bullshit.