Sat, Sep 20, 2014, 10:36 AM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

PowerShares Financial Preferred ETF Message Board

  • keltus1952 keltus1952 Aug 16, 2004 5:24 PM Flag


    My sister, in her search for high yield stumbled onto NFI (novastar finl.). Looks like they invest in high risk mortgages. Yields 14%. Does anyone have any thoughts on NFI.

    Thanks, Kel

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • have yet to read the response to your question...but would suspect that many have opinions on lots of posters have made some very good money from NFI (self EXcluded)....

      i may well be the only extant poster that has expressed continued negatively oriented opinions on such (have been chastised on a few occassions).....though was more positive when yield hit the 16-17% mark back in april...

      i have yet to FULLY appreciate what they do, how they do it and just how long it can be sustained........

      will reoffer 5 points only, out of numerous negatives listed in the past...

      1. the higher the yield the greater the risk....feel that risk is underestimated by many, though yield would suggest otherwise....

      2. the golden goose is a fairy tale.....

      3. short interests for this high yielder continues to be VERY substantial

      4. shorter's are likely as well informed as any..if not more so....tis their nature

      5. management is involved with several types of self serving activities (will remain unREexplained).....this is one of my 'biggest beefs' with the company

      on a more positive note......institutional & mutual fund ownership continues to climb and increase dramatically.....

      company has lots of volativity lending itself well to mousing.......offering relatively nice entry points for the patient......

      assume someone else will tell you that investors have their own web site for NFI.......worth visiting....and Mr. Hill is a grand fellow as well as a NFI understanding is that several posters are 100% NFI and many over 100% with margin....

      still not my cup of tea......

      just opinions.........tug

    • I own a small position in NFI and like the company and management very much. NFI is high profile, has huge short interest, and has had a recent SEC inquiry. It is very volatile and not for the faint hearted.

      My personal opinion based on some study is that the management of this company knows what they are doing. Their loan production continues to increase and they have proprietary software that allows them to provide loan approval very quickly.

      Do you own DD and good luck...

      Sam in Michigan

    • [Full disclosure... I am a committed NFI long and am very comfortable with this money cow.]

      Suggest you go to and you will find a wealth of good info.

      NFI is an unfairly maligned conservatively run niche company that is currently yielding a very well funded 13.5%, a dividend that will only grow and grow sizeably in the next few years.

      Do your own DD, but you will not find a better combination of growth AND current yield than NFI.

    • I have traded NFI since November 2002. Currently, it's 25% of my portfolio. It has been a volatile stock because of the high short interest but has been profitable. Read Hhill's posts on the NFI board and at He knows what he is talking about. He's 100% invested in NFI. LAV

    • you need to go back into the nfi board and read everything written by HHILL. then you will know why they are not all high risk mortgages. Alt a mortgages may be safer than regular mortgages with little to no downpayment


      • 1 Reply to bigtex_78669
      • Agree on HHill tex, but it should be pointed out that the bulk of NFI's portfolio is Sub-prime not Alt-A. IMH are the Alt-A specialists. And I agree with you on the risks for that segment. Retirees with substantial assets but no W2, small business owners who choose not to reveal the details of their businesses in order to qualify as a prime borrower, high loan-to-value on properties, etc. have proven to be very good lending risks as a group.

    • I have some and plan on keeping it unless it goes to 70+ again!

17.95+0.04(+0.22%)Sep 19 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
AutoZone, Inc.
NYSEFri, Sep 19, 2014 4:02 PM EDT
Dresser-Rand Group Inc.
NYSEFri, Sep 19, 2014 4:04 PM EDT