Thread: LUM could be the next mortage runner

Results 1 to 5 of 5

  1. 08-01-2017, #1
    azsvvjmkqoj
    Guest

    Default LUM could be the next mortage runner

    Picked up some DFC at 4.14 on news just out---Delta Financial cuts 300 jobs, to take charge in Q3
    Wed Aug 22, 2007 1:07PM EDT
    Email | Print | Digg | Reprints | Single Page | Recommend (-) [-] Text [+]
    Market News
    Dow up nearly 1 percent after Citigroup taps Fed
    Oil gives up gains after inventory data
    Mining shares surge on metal prices and strong outlook
    More Business & Investing News... Featured Broker sponsored linkAug 22 (Reuters) - Subprime lender Delta Financial Corp. (DFC.O: Quote, Profile, Research) said it has cut about 300 jobs, or 20 percent of its workforce, to address the expected decrease in loan originations resulting from the deterioration of credit markets.

    The Woodbury, New York-based company also said it will take a related pre-tax charge of $2.0 million to $2.5 million in the current third quarter. (Reporting by Sweta Singh in Bangalore)
    Reply With Quote Reply With Quote
  2. 08-01-2017, #2
    ayazujacu
    Join Date Jun 2014
    Location Indonesia
    Posts 0

    Default

    This should get the mortage companys moving higher in the morning--Bank of America to invest $2 bln In Countrywide: WSJ

    By Katherine Hunt
    Last Update: 5:52 PM ET Aug 22, 2007Print Subscribe to RSS Disable Live Quotes SAN FRANCISCO (MarketWatch) -- Bank of America Corp. (BAC:BAC
    News, chart, profile, more
    Last:


    Delayed quote dataAdd to portfolio
    Analyst
    Create alertInsider
    Discuss
    Financials
    Sponsored by:
    , , ) is making a $2 billion equity investment in Countrywide Financial Corp. (CFC:CFC
    News, chart, profile, more
    Reply With Quote Reply With Quote
  3. 08-02-2017, #3
    axehojouojezo
    Join Date Jun 2014
    Location Kyrgyzstan
    Posts 0

    Default

    Delayed quote dataAdd to portfolio
    Analyst
    Create alertInsider
    Discuss
    Financials
    Sponsored by:
    , , ) , the Wall Street Journal reported on its Web site late Wednesday, citing people familiar with the situation. BofA will buy $2 billion worth of the mortgage company's preferred stock yielding 7.25%, which can be converted into common stock at $18 per share, the Journal reported.
    Reply With Quote Reply With Quote
  4. 08-03-2017, #4
    awikuvakumije
    Join Date Jun 2014
    Location Mozambique
    Posts 0

    Default

    thanks, y i aksed this question regargind LUM is at 1.28 . Is it good to buy it now ?

    Also I can hold onto it for 15 days , but then is it okay to do so given the situation of crunch right now ?

    I am just hoping to get a margin of atleast a $1 , so that I can feel i too can win which never happened so far
    Reply With Quote Reply With Quote
  5. 08-04-2017, #5
    awaifiple
    Guest

    Default

    Buy LUM when it goes back under a buck, HCM and DFC look good and they have not run yet. LUM had 1 heck of a run time for a pull back imo
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Forum Rules