You simpletons just do not get it do you. These outlandish comments you make are completely baseless..
NFI has a $5.86 dollar a share LOSS! Did you hear that a $5.86 LOSS.
The margin calls in the month of July where an unbelievable 76.5 million dollars. THEY HAVE LESS THAN 80M LEFT. The margin calls in August will be greater that in July. THEY DO NOT HAVE THE CASH TO SURVIVE.
Further more, they are not writing anymore loans(they offer only 1 loan,FICO of 720 to qualify,you need proof of income and the interest rate is 10.8%, you can get this loan anywhre else for 6%, threfore no on will write this loan)=they are not producing ANY INCOME OR REVENUE FLOW.
Since no one will buy the securitized mortgage bonds they used to sell(they have all been down rated to junk), every songle forclosure will be a charge against the bottom line=more gigantic LOSSES. These bonds the used to sell was the major part of how they created income. Can't sell them=no income.
So there you have it geniuses. Margin calls will(if not already) will cause them to go bankrupt. No loan production=bankrupt. Charge offs from increasing foreclosers=bankrupt.
You bagholders, I feel for, I really do. You bought into a co. that has 3 class action llawsuits against it for SECURITIES FRAUD. Wachovia's next margin call sends them into bankruptcy. However for you to conitnue to hold the bag with false hope making the most stupid and outlandish comments is to much. This co. is in it's final days.
Many here have added to a already very large loss here I think last week. One of the first newbie mistakes is to add to a losing position. When they file bankruptcy, your shares will be worthless and eventually cancelled, leaving NFI without any obligaton to you. They will do this and it's legal. Part of bankruptcy protection.
Stop deluding yourselves, get rid of this worhtless stock before it tanks to nothing and if anything, do what the professional money has already done. shohrt this stock on it's ride to zero or buy puts.
She's going down and sinking fast and there is nothing you can do about They have no business, no money and no hope.
Are you another one of those paid bashers that keeps changing your profile everytime you get put on everyones ignore list?
If you are so smart, just short. You sound like you aren't too sure of yourself and need to get some other people to agree with you to validate your opinions.
Am I right?
Daryl, quick question for you. I agree 100%. I am short, but this is the first time I have been in this position. My concern is that I won't be able to "buy to cover" due to it falling to some change. Should I worry about this. I have an order in at $0.30. If you know, I would appreciate your thoughts.
$.30 - oh my god you're delusional. Please tell me everyone whom is still short has the same price target as you. I so love the fact that ones like you are WAITING to cover. Actually if at all possible you should short a whole bunch more ok.
Why are you so emotional about this stock? I swear I can almost hear the anxiousness in your voice. You're supposidly on top of all this and have much more intellect than the poor souls here. So, tell me, what do you have to lose?
I got nothing to lose I have made 5 figures on most of these subprime lenders shorting them 2 months ago.
Emotional? Yes I hate these scumbags, because of their practices hundreds of thousands are going to lose their homes. That really angers me. I get inmense satifaction watching all these subprime scumbags go bankrupt.
You are ignorant(no offense) and need to read on just how bag this situation is. Here start at this link./
It's the Mortgage Implode Meter. so far 116 mortage cos have gone bankrupt this year.
You want to make money? Start shorting and or buying the puts on all these scumbags, not one non-bank subprime like NFI is going to survive.
Chartweiner, you have serious mental problems posting 24/7/365.
get a life, suck your boyfriends weiner a bit and quit wasting space here. No one pays any attention to you and nathan, your lover.
No use arguing. You're right. You are a stock guru and probably a billionaire. The 4 billion cushion that NFI has but will only use 2 billion doesn't really exist.
The most negative analyst in history, Scott Valentin, admits that NFI has a lot more life. NFI's clientele has changed to a more solid clientele. 91 - 8 wholesale - retail a year ago vs. 64 - 36 today. You and your ilk had NFI going BK 5 months ago.
BK is not happening.
You are an idiot and are trying to paint over a very ugly situation. They have no more "cushion". The "cushion" you are refering to genius to the debt oad they carry!!! Yes they have the option to carry 2 billion more in debt, but the debt they have now is crushing them.. You back and read the SEC filing again amateur, you got it all wrong. That 10Q says "we are bankrupt". Get a clue, get out of the way, be a nam and take a loss, then short this pathetic co. just like the pros and get some of your LOSSES back. False hope doesn't work in the markets. Perhaps your money will be buying NFI execs lunch the day of bankruptcy announcment.