Amit Chokshi_

Doral Financial Defines Deal with the SEC

Phantom "gain on sale" or derivative profits that don't flow to the cash flow statement are usually good indicators of strong short ideas. Despite all of the fraud surrounding DRL, the worst seems behind it, it's about 33% up from its low, and the $25MM fine is pretty tame. They have a new CEO from GE's Latin Finance group and he's installed some new leadership.