By William Trent, CFA of Stock Market Beat
Small Cap Watch List and Mid Cap Watch List member Downey Financial (DSL) reported that its Assets Fell in February:
Downey Financial Corp., the parent of Downey Savings and Loan Association in California and Arizona, on Wednesday said its assets fell 2 percent in February, compared with the prior month.
The shares held up fairly well today, though they were down nearly 10% in the last five days. While part of the decline was likely due to subprime spillover effects, one wonders whether the market was anticipating the news.
