tcptrace-bugs New Stock Profiled: (FCFK) Target Price $.60

From: InvestorRelations (
Date: 03/09/04

Message-ID: <00000adf3ace$00007646$>
From: "InvestorRelations" <>
Subject: tcptrace-bugs New Stock Profiled: (FCFK) Target Price $.60
Date: Tue, 09 Mar 2004 10:58:11 -0600

March Newsletter
March Edition of The Savvy Investor
Each month The Savvy Investor analysts study, research, and examine hundreds of stocks, in an effort to pinpoint the one with the most promise. 

This month's pick: First Chesapeake Financial Corp

Symbol: FCFK

Recent Trading Range: $.33 - $.40

Near Term Rating: Market Outperform

In Related News:

The great American rate chase has heated up again.  Average 30-year rates have hit seven-month lows of 5.58 percent. More..

Americans filed applications to refinance their mortgages at their highest levels in seven months, and sent overall weekly mortgage activity higher for a third straight week. More..

Short-term yields plunged 15 basis points on job news, a move more normally associated with a cut in official interest rates, while a dive in longer-dated yields looked certain to drag mortgage rates sharply lower. More..

Financial Analysis

Closed $1,000,000.00 in new round of financing.

Total assets increased +118% last year from $5,527,931 at December 31, 2002 to $12,090,479 at September 30, 2003.

13 regional offices active in seven states with applications pending in additional states.

Corporate Profile
First Chesapeake Financial Corp., incorporated in 1992, is a financial services company providing residential mortgage products and related services to its customers through its wholly owned mortgage banking subsidiaries. The Company's strategy is to offer a full range of mortgage products to borrowers of various credit levels and distribute these loans in a risk averse manner through either bulk secondary market sales, loan sales to specific institutional investors, or brokering of individual loans to niche investors.  Through this strategy, the Company anticipates profitability and continued expansion with reduced exposure to interest rate and credit risks. Retail operations originate loans directly from the consumer, while wholesale operations provide an efficient market for retail mortgage loans originated by its retail operations, as well as through purchase of loans from third party loan originators.

Analyst Conclusion

   It is widely known that lower rates are inexorably linked to high refinancing activity, a boon for lenders. Furthermore, the official consensus indicates stable rates persisting throughout 2004.

This looks like an explosive company with great potential based on historically low mortgage rates, tiny float, and the fact that insiders hold most of the O/S. ...seems they know something is about to unfold...the Technical Analysis speaks for itself --BULLISH

Editing Chairman


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