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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (2279)	6/29/2007 9:37:56 PM
From: The Reaper	Read Replies (2) \| Respond to of 6370

Already short KSS after reading your prose on the subject earlier.

To: RockyBalboa who wrote (2279)	7/18/2007 12:18:55 PM
From: RockyBalboa	Respond to of 6370

IMB... baaaad KSS... baaaad LEH... baaaad

To: RockyBalboa who wrote (2279)	1/17/2008 4:55:42 PM
From: RockyBalboa	Respond to of 6370

Moody's Downgrades Indymac's Credit Thursday January 17, 2:31 pm ET Moody's Investors Service Cuts Indymac's Credit Deeper Into "Junk" Territory NEW YORK (AP) -- Moody's Investors Service cut Indymac Bancorp's credit rating deeper into "junk" territory Thursday, saying the mortgage lender's business is struggling and its portfolio of home loans is in trouble. Moody's cut Indymac's credit rating to "B1" from "Ba2," indicating the Pasadena, Calif.-based lender's credit is "highly speculative." Indymac, which lost more than $200 million in the third quarter, is going to lose money for several more quarters, Moody's said. With demand for mortgage debt vanishing from the market, the value of Indymac's portfolio has been dented, Moody's said. Indymac has jettisoned most of its business lines so that now it only issues loans that are eligible for purchase by government-sponsored agencies. Moody's said Indymac is at a disadvantage in that market because competitors have easier access to cash. "We expect Indymac to lose market share and struggle to be cost-competitive as an agency-only originator in 2008," Moody's said. Moody's also downgraded the financial strength of Indymac's bank to "D-" from "D+," and deposit rating to "Ba3" from "Ba1." Shares fell 21 cents, or 4.2 percent, to $4.80 in afternoon trading.

To: RockyBalboa who wrote (2279)	1/17/2008 4:55:43 PM
From: RockyBalboa	Respond to of 6370

Moody's Downgrades Indymac's Credit Thursday January 17, 2:31 pm ET Moody's Investors Service Cuts Indymac's Credit Deeper Into "Junk" Territory NEW YORK (AP) -- Moody's Investors Service cut Indymac Bancorp's credit rating deeper into "junk" territory Thursday, saying the mortgage lender's business is struggling and its portfolio of home loans is in trouble. Moody's cut Indymac's credit rating to "B1" from "Ba2," indicating the Pasadena, Calif.-based lender's credit is "highly speculative." Indymac, which lost more than $200 million in the third quarter, is going to lose money for several more quarters, Moody's said. With demand for mortgage debt vanishing from the market, the value of Indymac's portfolio has been dented, Moody's said. Indymac has jettisoned most of its business lines so that now it only issues loans that are eligible for purchase by government-sponsored agencies. Moody's said Indymac is at a disadvantage in that market because competitors have easier access to cash. "We expect Indymac to lose market share and struggle to be cost-competitive as an agency-only originator in 2008," Moody's said. Moody's also downgraded the financial strength of Indymac's bank to "D-" from "D+," and deposit rating to "Ba3" from "Ba1." Shares fell 21 cents, or 4.2 percent, to $4.80 in afternoon trading.