My search for obscure, potentially money-making stocks led me to Flagstar, and I'm now a stockholder. Somebody must have requested this board and then not posted. Anyhow, looks fairly safe, and dividends...Watch it plummet now!
Hmm. Just looking in while on vacation here in Michigan. All I can tell you is that:a. A P/E of about 4.0 in this sector is a stealb. Tom Hammond KNOWS how to make moneyc. The expected fall in mortgage rates later this year will help FLGS, andd. I'm in!Elvis
It's my understanding that Flagstar preferred pays 9.9%. True? And if so is there a reason why it's so high? (Far be it from me to complain about a too high dividend, but there is usually a reason. Are they in trouble?) D. Cunningham
The bank is financially sound and profitable. Preferred stock means just that. Preferrential treatment when it comes to dividends and protection.
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