PennyOmega.com Stock Report!

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Monday August 3, 2009

PennyOmega.com Stock Report!

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MBIA Inc. (NYSE: MBI) announced today that Theodore (Ted) Shasta (58) was elected to MBIA’s board of directors and has been appointed to its Audit Committee. Mr. Shasta is a former Senior Vice President and Partner of Wellington Management Company, a global investment advisor with over $400 billion in client assets under management. Mr. Shasta joined Wellington Management Company in 1996 and specialized in the financial analysis of publicly traded insurance companies, including both property casualty and financial guarantee insurers.

On July 31, 2009 CFS Bancorp, Inc. (Nasdaq: CITZ) (the Company) issued a Form 8-K containing several amendments to the

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For Immediate Release

Chicago, IL - June 10, 2009 - Zacks.com releases the latest Industry Outlook. Today's interview is with senior analyst Eric Rothmann, who talks about the Financials Industry, including Huntington Bancshares Inc. (HBAN), MGIC Investment Corporation (MTG) and MBIA Inc. (MBI).

A synopsis of today's Industry Outlook is presented below. The full article can be read at http://at.zacks.com/?id=2678.

We suspect that the recent improvement in share prices for financial stocks has gotten a bit ahead of the earnings and growth prospects over the near term. Considering the high level of unemployment and with foreclosures gnawing at prime mortgages, we continue to think the pay-day lenders and pawnbrokers still represent an opportunity, currently.

While improvements have been noted, sightings of "green shoots" in the economy may have resulted in an overzealous response, as we continue to fail to

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Even though some financial institutions are ready, willing and able to return the funds received through the Troubled-Asset Relief Program (TARP), the sticking point remains what the government is willing to accept and what the financial institutions are willing to pay for the warrants attached to the preferred stock. While financial institutions have experienced a rebound over the recent couple of months, we note there are still a number of concerns that will continue to overhang the industry for a number of quarters: Unemployment continues to remain extremely high, to within about a half a percent of the 10% level, as such the delinquency rates on prime loan home mortgages has increased. The 1Q09 moratorium on home foreclosures has been lifted and the level of new foreclosures has started to rise again. Consumer loan delinquencies have been on the rise. Commercial loan issues have been on the risk. While ...

Even though some financial institutions are ready, willing and able to return the funds received through the Troubled-Asset Relief Program (TARP), the sticking point remains what the government is willing to accept and what the financial institutions are willing to pay for the warrants attached to the preferred stock. While financial institutions have experienced a rebound over the recent couple of months, we note there are still a number of concerns that will continue to overhang the industry for a number of quarters: Unemployment continues to remain extremely high, to within about a half a percent of the 10% level, as such the delinquency rates on prime loan home mortgages has increased. The 1Q09 moratorium on home foreclosures has been lifted and the level of new foreclosures has started to rise again. Consumer loan delinquencies have been on the rise. Commercial loan issues have been on the risk. While ...

Even though some financial institutions are ready, willing and able to return the funds received through the Troubled-Asset Relief Program (TARP), the sticking point remains what the government is willing to accept and what the financial institutions are willing to pay for the warrants attached to the preferred stock. While financial institutions have experienced a rebound over the recent couple of months, we note there are still a number of concerns that will continue to overhang the industry for a number of quarters: Unemployment remains extremely high, to within about a half a percent of the 10% level; as such the delinquency rates on prime loan home mortgages has increased. The 1Q09 moratorium on home foreclosures has been lifted, and the level of new foreclosures has started to rise again. ...

Wal-Mart (

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While we remain negative over all, we would note our outlook has begun to improve a bit around the edges given the comparatively limited downside potential remaining for certain entities.

The financial markets and financial stocks in particular have experienced a significant percentage-point lift following the pending modification to the mark-to-market accounting rules (an artificial adjustment to capital) and the announcement for the Public Private Investment Partnership (PPIP) -- though we would point out that there is nothing of note to what was proposed approximately two months ago, we will soon find out if the issues with the securities in question were based on the buyers or sellers being out of whack, or a question of valuation or solvency.

Since the Troubled-Asset Relief Program (TARP) is effectively out of money -- more than $665 billion out of $700 billion has already been used -- we would currently expect nearly $2.0 trillion needed

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Highlighted stocks include Huntington Bancshares Inc. (HBAN), MGIC Investment Corporation (MTG) and MBIA Inc. (MBI). While we remain negative over all, we would note our outlook has begun to improve a bit around the edges given the comparatively limited downside potential remaining for certain entities.The financial markets and financial stocks in particular have experienced a significant percentage-point lift following the pending modification to the mark-to-market accounting rules (an artificial adjustment to capital) and the announcement for the Public Private Investment Partnership (PPIP) -- though we would point out that there is nothing of note to what was proposed approximately two months ago, we will soon find out if the issues with the securities in question were based on the buyers or sellers being out of whack, or a question of valuation or solvency.Since the Troubled-Asset Relief Program (TARP) is effectively ...

Autozone, Inc. (

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