Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: muwis123 who wrote (21381)	5/27/2005 8:28:20 AM
From: JakeStraw	Read Replies (1) of 78667

Wachovia downgrades Doral Financial to 'underperform' biz.yahoo.com Friday May 27, 8:13 am ET By Steve Gelsi NEW YORK (MarketWatch) -- Doral Financial drew a downgrade to underperform from Wachovia Capital on Friday. Wachovia cited "significant potential liquidity and interest rate risk" at the Puerto Rico-based mortgage lender. In addition to matters surrounding a gain on sale accounting and the valuation of interest-only securities, Doral is reviewing other matters that may require restatement, including the accounting for the deferral and recognition of mortgage origination fees and expenses and for lease payments, the note said. The consequences of the company's restatement and reporting delay, "could be quite severe," the note said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next