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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said there is no reason to buy Flagstar Bank, National Association (NYSE:FLG).
“There’s nothing special,” he said. “It’s not making all that much money, it doesn’t have that big of a dividend.”
On the earnings front, Flagstar Financial, on April 24, posted first-quarter adjusted earnings of 4 cents per share, beating market estimates of 3 cents per share. The company’s sales came in at $498.00 million, missing expectations of $520.49 million.
When asked about Monarch Casino & Resort, Inc. (NASDAQ:MCRI), Cramer said he does not know that casino.
Monarch Casino & Resort, on Tuesday, reported better-than-expected first-quarter financial results.
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