I've received numerous emails about DSL and whether it's a good short. When you look at the fundamentals and the industry, why not?
But it has largely flown under the radar, suspicisouly so, in recent days. Here's something a close friend on the Street sent me:
"(Dow Jones) Downey Financial (DSL), a California-based bank and mortgagelender, recently entered into change-of-control agreements with top executives,according to DSL's annual report. Keefe Bruyette & Woods analysts say the agreements are further evidence that DSL may be sold soon. KBW has DSL on itslist of takeover targets and estimates it could fetch around $100/share in asale. DSL closed Friday at $66.85. (DJE)"