Big trouble for Mortgage companies as AHM nears Bankruptcy

I warned people in Feb. 2007 of this sector and NEW already went under since. AHM now trading at $1.14 I said short it at $23-$25 levels back in Late Feb. & March. I also said short IMB (Indymac) which had a different  symbol back then at $30 area, its now at $22+ but has huge debt and could have the same fate as AHM.

My warning of this sector:

Worst still to come for Sub-Prime Lenders like LEND, NFI, NEW, CFC

Motley Fool Caps
Editor’s References:
American Home Mortgage Investment Corp., Symbol AHM
Tagged . Bookmark the permalink.

Leave a Reply