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Novation Companies, Inc. Message Board

  • upwardmo upwardmo Feb 9, 2005 10:24 AM Flag

    LEND and NEW up today

    2.7% and 1.3% respectively. We will follow shortly.

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    • NEW is up on the anticipation of taking market shares from NFI and from buyers who are fleeing NFI to a similar but less controversial product. The only thing is that even if NFI quit doing business, their shares should be worth this price for quite a few years just off of the value of the portfolio. Also, I'm kind of curious about the prospects of some other large REIT merging with NFI on price weakness to get control of that huge portfolio. Seems like that prospect plus the cash being generated should offer some protection against freefall.

 
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