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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (69470)9/25/2007 3:41:42 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Death Spiral Financing
globaleconomicanalysis.blogspot.com
Homebuilder SPF canceled its small dividend and announced a convertible debt offering that encouraged shorting. This is an act of pure desperation. Lennar reported a disastrous quarter with sales down 44%, more job cuts, and a loss per share of $3.25. Based on Credit Default Swaps the three builders most likely to go bankrupt are BZH, HOV, and SPF.
Mish



To: MoneyPenny who wrote (69470)9/25/2007 5:07:27 PM
From: benwood  Read Replies (2) | Respond to of 116555
 
In my son's science class at high school a couple years ago, the teacher pointed out a Twinkie, still in it's original wrapper, that was sitting on a small shelf. It looked perfectly normal (that is, the same as when "fresh"). He put it there when he started teaching 20 years before.


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