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Strategies & Market Trends : Turnarund Investing
NOVS 0.0666-16.0%Aug 1 5:00 PM EST

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To: turnaround_seeker who wrote (363)4/25/2012 12:29:28 AM
From: Good Fundamentals   of 1876
 
"RE...GF on turnaround investments

I will share more later about this, but I would like to ask you to comment on the following post poster Covenent
aka Infringer aka W that insinuates Novastar is a fraudulent company? I know you personally, and I don't think that you would appreciate being referred to as being a fraud much less a company that you've invested in and followed for years..

http://www.investorvillage.com/smbd.asp?mb=4148&mn=137062&pt=msg&mid=11667831

Any chance you might come to KC for the AM this year? Its a shame its not here in the Commonwealth. Later,"

Novastar made mistakes but so did the SEC. NSS FTDs are still pretty high although not at high as in 2007.

I have looked at FTD data and I gave a excel generated graph to my congressman in 2007 when he bought me lunch at the Capitol.

You can't find enough witches to boil if you want to blame the economic crash on anybody; worse yet - you'll never find a pot of water big enough.

Even the lawyers litigating many of the fraud cases are more concerned about their Starbucks Coffee than they are about grinding numbers and proving their case instead of having them "Dismissed with Prejudice"

NOVS wasn't the underwriter of their mortgages - even the NJ Carpenters Health Fund pleadings state all this.

Even Fannie and Freddie were out of control.

The solution: get a small pot of water and blame it all on Novastar.
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