Sy Jacobs' Picks for Continuing Credit Crisis - Barron's - Sy Jacobs

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Sy Jacobs' Picks for Continuing Credit Crisis - Barron's
May 25, 2008 05:02 PM UTC

Sy Jacobs

Return	Risk
+1.02%	MID

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Symbol	Sentiment	Start	Return	Closed
WFC		05/25/08	+2.46%	--
BBT		05/25/08	+18.20%	--
HCBK		05/25/08	+24.90%	--
HTS		05/25/08	+14.96%	--
MTG		05/25/08	-55.40%	--

Via Long Investment Ideas from Seeking Alpha:

Sy Jacobs, founder of JAM Asset Management, foresaw the housing slump and subprime macro fallout. He now tells Barron’s that investors erroneously assumed Bear Stearns was a market bottom. More pain is ahead for the economy and financials in particular. Increasing defaults in banks’ core business of construction loans will cause many to disappear. Survivors, however, will gain back lending market share that they lost to “the Countrywide Financials.”

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