If Starwood Capital Group bits on CORS then it would be trouble later and good news is CORS can move up to 50cents thru out the year.
They aren't bidding on the junk, they are biding on the good stuff. They will leave the bad crap for the FDIC to get rid of.
I bet this stock keep staying below .50 for whole its life. It cannot run anywhere. It seems to be dead!!
There is no such thing as junk assets only junk prices. When you mark down these loans to 50,30 or 10 cents on the dollar, they become good investments. However our poor CORS shareholders won't see a dime and the FDIC will take another major loss.