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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (25977)2/12/2007 3:42:42 PM
From: Bridge Player  Read Replies (2) of 78748
 
Paul, I am intrigued by Novastar Financial, NFI, the sub-prime lender. Trades around 16, down from 50 a couple of years ago, and down from 30 a couple of months ago!

All of the wall street buzz, the hand-wringing about housing, and the panic talk in the sector looks like it may be at a peak.

And maybe the stock near or at a bottom. Even given major cuts in the dividend and write-offs on their mortgages.
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