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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1849)	12/16/1997 10:58:00 PM
From: bsl113	Respond to of 2544

Zev, I agree. I haven't seen anything like this before. At this rate of decline this stock will be gone seemingly in two weeks. With the recent decline it is kind of strange that their has been no company news or industry news to to support the downfall. As you are aware all economic indicators are in favor of this particular industry. If they can't make money now why did they ever enter the market in the first place? dismal.com It seems that some people obviously know more about whats going on. I'm very surprised that there has been no discussion about CTYS and its industry on CNBC etc. In the past the could'nt stop talking about Greentree Financial. Especially the part about executive compensation which I beleive was in the ball park of 40+ million at the CEO position. Incidently, this was some kind of record pay for any CEO at the time if I am correct. Ofcourse, this was when the subprime lending industry was in a boom. Obviously this type of lucrative pay was of great incentive for other companies to enter the market. I in fact have a friend that has been in this business for two years now (located in Pittsburgh). I will meet up with him over Christmas and see what he thinks is going on. He started the business because he saw what the other guys were making... I went on some of the closings with him and it was scary! Some of these small towns were in a very bad situation. I am interested in finding out if the rate of delinquencies is rising or falling. Hopefully we will find all the answers! Take care, Bryan

To: Zeev Hed who wrote (1849)	12/17/1997 3:09:00 AM
From: pcyhuang	Respond to of 2544

Every dog has its day! I understand that the research analyst Keith Menzel at the reputable firm of John G. Kinnard & Co. has just issued a detailed report and buy recommendation on Greentree Financial, an exemplified firm in the subprime mortgage business. The reports also has a bullish stand in the subprime mortgage lending business because it fills a basic needs and market niche in the financial service industry. Maybe Cityscape will be acquired by a financial-supermarket operator whose overall accounting procedures will be less subject to such current heated debate as a specialist in the subprime business... I definitely agree with those who think that CTYS, at its current level, is an interesting perpectual option!