Cityscape Financial (CTYS) Message Board

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Non-Tech : Cityscape Financial (CTYS)

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To: TNH who wrote (1233)	10/21/1997 7:58:00 PM
From: Rational	Read Replies (1) of 2544

The link is www.quote.com -- you need an account I guess. But, try. The after-hour reaction was by those who picked up the shares thinking the price was too low to pass and when they heard the news, they chose to dump. But, I think, the news indicates that CTYS will be a much cleaner sub-prime lender one day when they secceed in selling loans on whole-sale and foreclose on the bad loans; assuming that Bear Stearns does not issue a foreclosure on CTYS. Selling loans on whole-sale means less profit margins, but they will be real dollars!! Sankar

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