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Novation Companies, Inc. Message Board

  • hilton_roberts hilton_roberts Jul 9, 2003 2:23 PM Flag

    just off the wire

    1:40PM Novastar Fin target raised to $90 at JMP (NFI) 71.95 +1.55: JMP Securities raises their target to $90 from $70, citing continued low interest rates, strong origination activity, good delinquency trends, and favorable secondary mkt execution prices; in addition to their expectation that these drivers should remain in place for the next several quarters, firm believes a near-term catalyst for the shares could be the Q2 dividend announcement on July 30. (Briefing.com also notes that the short interest in the stock is 32%.)