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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Alan Smithee who wrote (8422)	11/15/2007 3:52:57 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 33421

Wow ! -- "We reiterate our underperform rating and $0 price target ..." (this is regarding NFI) ----------------------------------------------------------------------------------- Novastar Financial I NovaStar shares hit all-time intraday low after 3Q financials BOSTON (Thomson Financial) - Shares of NovaStar Financial Inc. plummeted Thursday after the Kansas City, Mo.-based residential loans originator said it swung to a third-quarter net loss of $598 million, or $64.05 a share, from net income of $25.3 million, or $2.91 a share, in the same period a year earlier. The company said late Wednesday that the loss from continuing operations totaled $43.99 a share, a steeper decline than that forecast by the mean estimate of analysts polled by Thomson Financial for a loss of $8.33 a share. Shares fell 56% to an all-time low of $2.02 on volume of 1.4 million shares. The full-day average volume over the past 30 days is 850,000 shares. The stock has lost 98% since the end of 2006. In reaction to the results, Friedman, Billings, Ramsey & Co. said, "We reiterate our underperform rating and $0 price target, as we believe the eventual liquidation or sale of the company will result in no value for common equity holders." Deutsche Bank reiterated his hold rating, saying it remained concerned about NovaStar's liquidity position. Greg Saulnier Copyright 2007 Thomson Financial News Limited. All rights reserved.

To: Alan Smithee who wrote (8422)	11/15/2007 4:35:51 PM
From: John Pitera	Respond to of 33421

OK... I lighten the mood a bit -- May 1993 - Did I Really Ask That? From Judge David Cleveland of Palo Pinto (29th District Court), this testimony from the trial of will contest involving two wills left by Walter Howeth: Q. When did you last see Walter? A. At the funeral. Q. Did he make any comment to you at that time? A. No, sir. Judge Cleveland adds: "I have wondered who might have been most relieved that the answer was no: the jury, opposing parties, mortician, or the doctor who signed the death certificate." texasbar.com