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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: bankbuyer who wrote (924)5/1/2012 4:13:10 PM
From: Covenant1 Recommendation   of 1876
 
I would NEVER buy this gutter trash Novastar.


It certainly is not a turnarund investment. Novastar has yet to issue a new mortgage since their business plan hit the wall, and management has not figured a way to turn the mortgage business arund. Not only has Novastar failed to turn its mortgage origination business arund, mortgage servicing is similarly kaput. No turnarund is available to see there either.
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