That's all we're talking about here. The declines are becoming exponential on bad news because people are afraid to lose more and more of less and less. Plain and simple. This is where fortunes are made.
gotta wonder if fitch jumped the gun a little. is the reason for the covenant waiver a temporary thing due to the mark-to-market write downs on the mbs that is already reversed in q1 2009 (per citi conference)?
Forget about going up....lets just price based on pure valuation and assets. I am sure that CSE is not worth $2! Not to mention that we have a very market wise CEO at helm saying that this is "THE BEST market situation for making loans that he has seen in a very long time" The are perdicting ROE of "mid to high teens" post recession time which is perdicted to be end of 2009. Why would you sell this stock???? now for that matter?????