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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (30701)	4/20/2008 12:03:05 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78673

HTWC - well it is true that the outlook did not sound all that optimistic. the results for 2007 however were Ok and asset quality was excellent. After you mention it, i found the link to the 100% plus financing as well. it does seem to contradict what they are saying in the 10k: We will make loans with loan-to-value ratios up to 95%; however, we require private mortgage insurance or other credit enhancements for loans with a loan-to-value ratio over 80%. We require all properties securing mortgage loans to be appraised by a board-approved independent appraiser. We generally require title insurance on all first mortgage loans. Borrowers must obtain hazard insurance, and flood insurance is required for loans on properties located in a flood zone. What can I say? Most thrifts do not seem that shareholder friendly. Annual reports are always very bland. I judge them by how they are doing not what they are saying. I am keeping HTWC for now, it's a small enough position that it does not bother me much either way. No stock IMO is too cheap to sell - if you believe you can make more money elsewhere you should sell, IMO. based on past experience, my enthusiasm for a stock does not correlate performance however.