Jul. 9 at 1:58 PM
$FLG Loved reading the Specialized Industries announcement today. FLG’s stuck near
$11.30, deep in value territory (trading at half its industry peers), but the setup is shifting in a big way. Under the hood: a fortified deposit base (~
$30B in liquidity) and a strategic pivot from low-yield multi‑family mortgages to bespoke, high‑margin C&I lending. Flagstar has recruited senior bankers from City National, JPMorgan, Regions, U.S. Bank, and BofA to steer verticals like entertainment, subscription finance, energy, and insurance. These leaders know how to package complex credits, land high‑margin deals, and win sticky deposit relationships. This adds real credibility to the strategy - not just a quarterly blip. If Flagstar delivers on re‑rating this business, we could see a classic deep‑value-to-growth transition play. Time will tell!