Land portfolio takes a little longer to fix but seems like they see some light at the tunnel. What caught my attention the most was that they claim they could fix the NPLs by 40% by year end. Earnings was a bit of a disappointment but conference calls seems to indicate a better earnings number for the rest of the year if they execute.
One thing's for certain - the lack of discussion on the SFI report here on this Board goes to demonstrate just how far Yahoo has fallen as a relevant source for SFI holders thanks to their Board "improvements." This used to be one of the best boards around thanks to knowledgeable pros willing to post here and share their expertise and opinions with others with equally knowledgeable backgrounds. Now it seems as though there's no longer enough relevancy here for their contributions. To the old pros, we thank you for your past contributions. To Yahoo, thanks a lot... yeah, right.
I agree, this Board used to be great with knowledgeable commentators and comments. Why did it change? What did Yahoo do to drive away the guys that seemed to know what was up and explained it in detail, in language that one could understand?
I do not track the analyst for SFI, but these results are in line with my expectations. I have sold all my common, and bought the preferred f's, anf i's...I think there is a possibility for a public offering of more common to balance SFI capital structure. This should enhance the preferred...