(WGHI) Equity Research Report Issued on Westmark Group Holdings, Inc.
BOCA RATON, Fla., March 1 /PRNewswire/ -- Burkenroad Equity Research (Burkenroad Reports) of New Orleans, La. has issued a stock research report with a "Buy" Recommendation on Westmark Group Holdings, Inc. (Nasdaq: WGHI).
Copies of Burkenroad's report on Westmark can be accessed through various on-line investment services -- including First Call, Bloomberg Financial Services and Nelson's Directory of Investment Research -- or can be obtained directly by calling either:
-- Peter F. Ricchiuti, Director of Research, Burkenroad Reports,
(504) 862-8489, (c/o Marie Daigle)
-- Louis J. Resweber, Westmark Capital Markets, toll-free:
(888) 389-2266, (c/o Christina Domingue)
Burkenroad Reports is an independent securities research organization affiliated with the A.B. Freeman School of Business at Tulane University. Burkenroad's research reports are subscribed to by more than 3,500 mostly institutional investors and portfolio managers, including 850 small-cap and micro-cap fund managers. The "Buy" recommendation is the highest rating awarded under Burkenroad's five-tiered rating system.
Westmark Group Holdings Inc., through its subsidiary, Westmark Mortgage Corp., is engaged in the origination, purchase and sale of non-conforming, residential mortgage loans secured by a first or second lien on the borrower's primary place of residence. Most of these loans are made to borrowers with "A-," "B" and "C" rated (sub prime) credit histories who might not qualify for Federal-agency-conforming loans under traditional bank guidelines. Westmark pools its loans and sells them on a bulk basis to institutional investors. Westmark distinguishes itself from many of its peers in that it does not retain servicing rights on its loans, and all loans are sold monthly on a whole loan, cash basis, with revenues recognized only after the sale is completed.
Common stock of Westmark trades on The Nasdaq Stock Market under the symbol "WGHI."
Contact: Louis J. Resweber, 1-888-389-2266, Christina B. Domingue,
1-225-927-9330, or Amy M. Varisco, 1-225-927-9330, all of Westmark Group Holdings, Inc., or lou@wghi.com.
SOURCE Westmark Group Holdings, Inc.
CO: Westmark Group Holdings, Inc.; Burkenroad Equity Research;
A.B. Freeman School of Business at Tulane University
ST: Florida, Louisiana
|
