FLG Flagstar Bank, National Association : Bullish and Bearish Analyst Opinions

"The only common I own is Flagstar because I bought it very very deep discount. They're slowly clawing their way out of New York multifamily real estate. I know the team. I know the CFO very well, Lee Smith." Flagstar was heavily discounted due to systemic fears surrounding commercial real estate and its specific New York multifamily exposure. However, strong new management is actively executing a turnaround strategy to clean up the balance sheet, presenting a deep-value recovery play. LONG. It is a high-risk, high-reward turnaround play trading at a steep discount to its intrinsic value. The turnaround fails, or further macroeconomic deterioration in the New York multifamily real estate market overwhelms the new management's restructuring efforts.