| DON'T BUY | 2.320 | Pat Naccarato | His best guess is that a year from now it will not be around. | 2008-09-10 | |
| WAIT | 5.380 | Benj Gallander | Recently went on his Stock Watch list, which has over 200 companies. Once he finds a company, he doesn't go in for at least 6 months. Could be a Buy towards the end of the year when tax loss season is down. He wants to see that there is stability in the stock price and that the company will survive. | 2008-07-04 | |
| DON'T BUY | 15.590 | Paul Harris, CFA | Cut their dividends. Highly leveraged to the mortgage industry. | 2007-12-13 | |
| Comment | 23.180 | Alex Ruus | Caught up in the mortgage mess in the US. Thinks it’s all right but hasn’t spent the time looking at it. You’ll have to do your work on this to see how affected their mortgage business is. | 2007-11-05 | |
| SELL | 35.930 | Norman Levine | Involved very much in the mortgage market in the US. | 2007-10-02 | |
| SHORT | 35.660 | David Baskin | Very concerned about regional banks in the U.S. Housing situation is far from at a bottom, we’re going to see increased defaults on credit cards and on mortgages. More of a mortgage lender than more banks so will suffer more. Not a bad short. Easily go down to $20. | 2007-09-26 | |
| SELL | 37.400 | Brian Acker, CA | More bullish on the brokers than on banks. T-bill market in the US has had big demand so rates have gone down about 2%. This has created value in financials. His model price is $48.33, a 26% positive differential. As the T-bill market gets back the interest rate will go up. Financials will be a hard group in the next couple of years. | 2007-08-22 | |
| SELL | 37.550 | Gavin Graham | Great branch network. Because of its big concentration on home mortgages, it is not the right place to be. Wonderful dividend yield. Why be there with the currency factor? | 2007-08-08 | |
| DON'T BUY | 42.710 | Larry Berman CFA, CMT, CTA | Coming close to some key support around $42. If it breaks through, it could potentially move back to the $35 area of October/05. Very leveraged to the mortgage market and the US housing sector is weak. | 2006-11-02 | |
| DON'T BUY | 42.920 | John O'Connell, CFA | 4.8% dividend. A very well run bank. There is potentially some problems in the housing market. Hasn't moved much in the last year. | 2006-10-03 | |
| HOLD | 44.510 | Jonathen Wellum, B. Comm, B. Sc | An exceptionally well-run bank. Have a big exposure to the mortgage market and big lenders to the real estate market in the US. There could be some bumpy days ahead of them. A very attractive takeover candidate. Nice dividend. | 2006-06-23 | |
| WAIT | 42.320 | Ian Nakamoto | An excellent company. An acquisitor. Like all financials in the US they have a flat yield curve and he wouldn't expect big growth in terms of earnings per share. Expects that interest rates will start dropping in the US and he would wait to see what happens. | 2006-01-31 | |
| VAGUE | 42.680 | Richard Croft | (Thoughts on caller's PUT for Jan/07 @ $35.) Believes there is a real estate bubble but that it may go for another couple of years, beyond your 2007 date. Anyone doing a lot of high ratio mortgages in the US will be negatively impacted by a bubble. A PUT option gives you limited risks, even if you are wrong. | 2005-05-02 | |
| BUY | 41.970 | Brian Acker, CA | Model price has been increasing and is almost $50. Earnings estimates have been increasing. | 2004-12-24 | |
| HOLD | 40.060 | Chris Lowe, BA, MBA | Has grown up very quickly in the last 10 years or so. Now trying to morph into a retail bank which has proven to be painful. Has not been able to change its cost base quick enough to handle the circumstances. | 2004-11-12 | |
| DON'T BUY | 39.380 | Brian Acker, CA | Reducing their weight on US financials and moving into techs. Earnings have dropped. Have a model price of $44. | 2004-09-10 | |
| HOLD | 38.010 | Chris Lowe, BA, MBA | Has made a few mistakes in its hedging policies. If 10-year treasury moves up to 5% by year-end, their results will be poor. | 2004-08-06 | |
| BUY | 40.350 | Brian Acker, CA | Has had a big correction so a good time to buy. | 2004-04-16 | |
| PAST TOP PICK | 44.700 | Jonathen Wellum, B. Comm, B. Sc | (A top pick Dec 12/03. Up 12%.) Likes the long-term. One of the fastest-growing retail banks. These 4% dividend yield. | 2004-02-20 | |
| TOP PICK | 39.820 | Brian Acker, CA | Has been hit hard in the last week or so because of reduced earnings estimates. Making a lot of money off of mortgage refinancing. | 2003-12-17 | |
| TOP PICK | 39.890 | Jonathen Wellum, B. Comm, B. Sc | (A past top pick Sept 26/03. Up 1.3%.) Has gone from the massive refinancing boom in the US into servicing revenues on mortgages. Long-term, a powerful cash flow generator. | 2003-12-12 | |
| DON'T BUY | 38.570 | Gavin Graham | Just announced they are going to miss their earning numbers this year. Going to reduce staff. Stock has dropped. Mortgages are not what they were and rates will go up sometime. | 2003-12-10 | |
| DON'T BUY | 43.420 | Brad Willock | Generates significant earnings. Higher interest rates and higher mortgage rates could slow down their business. | 2003-12-05 | |
| DON'T BUY | 46.500 | Benj Gallander | Pay their top brass too much. Usually, for him, that is a signal not to buy. | 2003-11-13 | |
| STRONG BUY | 45.850 | Peter Arender, CFA | Has a price to earnings of 10. Great return on equity. Dividend of 3½%. Have been doing some very good things in marketing recently. Still has a fair valuation. | 2003-11-11 | |
| BUY | 39.950 | John Sinkins, CFA | Well respected. Excellent customer service. | 2003-10-07 | |
| TOP PICK | 38.930 | Jonathen Wellum, B. Comm, B. Sc | One of the best retail banking franchises in the US. Over 4% dividend yield. Trading at nine times earnings. Growing organically. | 2003-09-26 | |
| DON'T BUY | 38.500 | Brian Acker, CA | Still likes this company, but with the falling US dollar, sell and move into the Canadian sector. | 2003-09-25 | |
| WAIT | 41.560 | Brad Willock | A great bank, but prefers Wells Fargo. Nice dividend. Mortgages may slow down. | 2003-07-17 | |
| DON'T BUY | 39.030 | Brad Willock | A decent company. Growth is by acquisition. Thinks the mortgage market is tapped out, so difficult to earn a spread. | 2003-05-23 | |
| BUY | 39.950 | Brian Acker, CA | Should plateau out here for awhile. Buy and hold. | 2003-05-06 | |
| PAST TOP PICK | 37.130 | Jonathen Wellum, B. Comm, B. Sc | (Was a top pick on Aug 21. Down 3.7%.) | 2003-04-17 | |
| TOP PICK | 35.560 | Peter Arender, CFA | Very cheap. Conservative. 3.25% dividend. | 2003-03-24 | |
| BUY | 35.880 | Jonathen Wellum, B. Comm, B. Sc | One of the best retail banks in the US. Trading at 8.5/9 X earnings. Well run. | 2003-01-10 | |
| BUY | 32.700 | Ray Steele | Well run. Limited losses compared to other banks. | 2002-10-15 | |
| BUY | 28.410 | Brad Willock | Down because mortgage business is slowing. Dividend is good. Growth could be slow. | 2002-10-07 | |
| TOP PICK | 37.700 | Jonathen Wellum, B. Comm, B. Sc | (Was a top pick on Mar 15. Up 8.6%.) Good retail strategy. | 2002-08-21 | |
| PAST TOP PICK | 33.700 | Brian Acker, CA | (Was a top pick on Jun 20. Down 11%) Still likes. | 2002-07-25 | |
| HOLD | 34.500 | Paul O'Neil | Good track record. Long term hold. | 2002-07-17 | |
| TOP PICK | 38.290 | Brian Acker, CA | (Was a top pick on Mar 12. Up 13%) Still likes. Steady performance. | 2002-05-28 | |
| BUY | 38.840 | Brian Acker, CA | | 2002-05-21 | |
| DON'T BUY | 38.160 | Mark Jackson, CFA | Refional player in mortgages. Interst rates could go up. Prefers JP Morgan Chase or Citi Group. | 2002-05-01 | |
| TOP PICK | 37.730 | Brian Acker, CA | (Was a top pick on Feb 25 up 13%) Still likes.Good valuation. | 2002-04-30 | |
| BUY | 36.600 | Neil Murdock | In a good sector and at a good price. | 2002-04-15 | |
| TOP PICK | 37.690 | Brian Acker, CA | Starting to get noticed and is moving up. | 2002-04-12 | |
| BUY on WEAKNESS | 35.710 | Jonathen Wellum, B. Comm, B. Sc | A good retail bank. At a good price, but any interest rate increase could create chopiness. Making good acquisitions. | 2002-04-05 | |
| BUY | 33.130 | Brian Acker, CA | Likes. Has not performed well, but expects it to grow. | 2002-03-28 | |
| TOP PICK | 34.700 | Jonathen Wellum, B. Comm, B. Sc | Trades at 10 X earnings. A lot of free cash flow. Great dividends. | 2002-03-15 | |
| BUY | 34.440 | Gavin Graham | Very big and profitable. Good foreign financial. | 2002-03-14 | |
| TOP PICK | 33.920 | Brian Acker, CA | (Was a top pick on Jan 30 down 2%) Has an 80% potential. Good core holding. | 2002-03-12 | |
| TOP PICK | 32.580 | Brian Acker, CA | Likes regional banks. | 2002-02-25 | |
| DON'T BUY | 32.030 | Brad Willock | May pause for a while with mortgage rates stabilizing or even increasing. | 2002-02-22 | |
| TOP PICK | 33.600 | Brian Acker, CA | High quality. Expanding. Very cheap. | 2002-02-14 | |
| TOP PICK | 34.390 | Brian Acker, CA | Been getting hit because of credit risks which has been overblown. Expanding. Cheap. | 2002-01-30 | |
| WEAK BUY | 33.550 | Gavin Graham | Has grown about 17%, but some concerns on credit risks. | 2002-01-15 | |
| DON'T BUY | 33.160 | David Burrows | Good persistant earnings and low P/E, but the market is indicating a problem. | 2002-01-14 | |
| WEAK BUY | 32.470 | Brad Willock | Very cheap and highly regarded. Good company for a long term hold. | 2002-01-02 | |
| BUY | 31.930 | Jonathen Wellum, B. Comm, B. Sc | Very strong bank. Growing well. Cheap. | 2001-11-13 | |
| DON'T BUY | 35.030 | Brad Willock | Interest rate drops has helped, but expect mortgage rates to rise. Well run company. | 2001-09-10 | |
| WEAK BUY | 35.650 | Jeff Morrison | High quality bank, but watch for credit issues. | 2001-06-12 | |
Experts that have talked about Washington Mutual Inc
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