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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: batman10023 who wrote (1488)

5/25/2012 3:08:28 PM

From: bankbuyer

Respond to of 1876

Re the discussion was the Q2 2011 versus Q2 2012 bond cash .

Management continues to say it's going lower and then zero.
They cannot afford the Advent losses to continue.

Bond cash, on a per share basis; is inconsequential.

NOVASTAR FINANCIAL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited; dollars in thousands, except share and per share amounts)



	For the Three Months Ended March 31,
	2012		2011
Income and Revenues:
Service fee income	$	50,333	$	24,669
Interest income – mortgage securities	1,399		3,018
Total