What's going on with this stock? Looks like another FNM/FRE/AIG.
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Wachovia trading under a buck
- Thread starter NY_HOOD
- Start date
http://blog.al.com/spotnews/2008/09/citiwachovia_deal_leaves_exsou.html
"I would say that what is left -- the retail brokerage and Evergreen -- is worth about $5 a share to $7 a share," said Robert Patten, a banking analyst with Morgan Keegan & Co.
"I would say that what is left -- the retail brokerage and Evergreen -- is worth about $5 a share to $7 a share," said Robert Patten, a banking analyst with Morgan Keegan & Co.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080930&id=8978764
"Ultimately, Keefe, Bruyette & Woods analyst Jefferson Harralson believes Wachovia's common shareholders are left with limited value. He has a "Market Perform" rating and $1 target price on the stock."
"Fox-Pitt Kelton analyst Andrew Marquardt estimated that the remaining franchise is worth about $1.40 per share."
"Sandler O'Neill & Partners analyst Kevin Fitzsimmons, meanwhile, gave a preliminary estimate on the value of the remaining business of between $4 and $7 per share. However, he said he has very little conviction in this estimate given the number of questions that remain unanswered. Fitzsimmons' "Hold" rating and $10 target price are under review.""
"Ultimately, Keefe, Bruyette & Woods analyst Jefferson Harralson believes Wachovia's common shareholders are left with limited value. He has a "Market Perform" rating and $1 target price on the stock."
"Fox-Pitt Kelton analyst Andrew Marquardt estimated that the remaining franchise is worth about $1.40 per share."
"Sandler O'Neill & Partners analyst Kevin Fitzsimmons, meanwhile, gave a preliminary estimate on the value of the remaining business of between $4 and $7 per share. However, he said he has very little conviction in this estimate given the number of questions that remain unanswered. Fitzsimmons' "Hold" rating and $10 target price are under review.""