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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (93710)11/4/2007 8:38:47 AM
From: Giordano BrunoRespond to of 306849
 
Merrill is on a roll...

nytimes.com



To: Perspective who wrote (93710)11/4/2007 8:57:57 AM
From: PerspectiveRespond to of 306849
 
Too late to edit, but re YRCW book - have a peek at the nature of their book value:

finance.yahoo.com

Nothing but goodwill and intangibles. How nice. That and a coupla bucks'll buy ya a cup o' joe. Not that it makes them a good short, but it does mean that any book value prop under the price is absent.

Disclosure: short YRCW and CNW.

BC