Jim Cramer's Best Blogs
OK, there you have it. Use it for what you will. But I wanted you to have the short operating list because the shorts are not stopping, not one bit.
And they are in control.Please note that due to factors including low market capitalization and/or insufficient public float, we consider Fremont General, Accredited Home Lenders, NovaStar Financial and ECC Capital to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices. General Electric owns CNBC, for which Cramer is a featured commentator. At the time of publication, Cramer had no positions in any of the stocks mentioned in this post.
Subprime Gets a Breather
Originally published on 3/15/2007 at 10:45 a.m. If you take the pressure off the crummy loan companies for a couple of days, if you break the rapid-fire spiral that New Century(NEWC Quote) and Accredited(LEND Quote) precipitated, here's what happens: You get a chance for these companies to refinance, find buyers or take in capital before they have to file Chapter 11. All three brokers that reported this week, Goldman(GS Quote), Bear(BSC Quote) and Lehman(LEH Quote), want in to this business. A number of companies have been pushed back into what looks like oblivion, including some that don't deserve to be.- Loading Comments...
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