Where is the surge?? Hmmmmmm?
CFC - ready to surge upward
- Thread starter 11Blade
- Start date
Not sure, but the stock hasn't budged in light of horrible new home sales report today.
down 8% month to month
down a whopping 21% year to year.
I suspect loan originations will suffer, but the stock shrugged off a drop to 17.40 in one day and maintains its levels.
I think the company sucks, the business sucks, but the stock is visibly protected. Breaking below and staying under 18 is unlikely from the 'action'.
There is no 'protection' This will drop to $3 easily if things get worse for it
Look at Lend, or NEWCQ
no stops, no support, all downhill
Look at Lend, or NEWCQ
no stops, no support, all downhill
8%. Gosh.
Stocks don't shrug. Ax might.
Is 21% whopping? On August 16th intra-day low to intra-day high IN CFC exceeds that. And, YTD is 9 months (thus far). In fact, pick just about any NYSE stock. Find it's 52 week low.
Then....................
Find its 52 week high.
Then ............compute.
Business sucks? Maybe. Not a capital intense business, and already demonstrated proportional labor is dispensable. Or is it disposable? I'd rather be in orginations than either re-fi's or hombuilding. But then, pallet-making is pretty fucking lucrative. Less than 6 figure investment in a pallet press, cheap labor (quando, porque, como), scrap wood...............all gravy. Never-ending demand. Universal spec.
Doesn't matter.
I know it's tuff to make a diSTINKshun between an operation and a stock. I'm HERE to help. Like Clara Barton.
Whoosh, that went right over your head, didn't it?
Um it is down 50% yoy
Um, you don't have a postion. Just 3600 pearls of wisdom.
But thanks for the clarity. Had every confidence you were good for something.
You must have lost a lot of money on this. Plan to sell at $13? 11?
In terms of business 21% decrease year to year is fairly bad. hence my "whopping" - add that to existing home sales dropping and a decent amount of subprime loans sold to the CFC bank and the foreclosure exposure and YES the business sucks.
Nice hedge - "maybe"? I say it again, the mortgage business currently is terrible.
But it requires a revolving access to liquidity and capital - things that until recently were not so good for CFC. We all know that mortgage brokers and originators are easily replaceable - no intellectual property there.
Well CFC's origination's business is sucking wind right now, their servicing portfolio makes a bit of money.
Yeah, I am sure the pallet business is a fantastic business. No barrier to entry, cheap labor, sounds like a formula for success - good luck with that.
I claim a distinction between the business, stock action and fundamentals.
Don't ever compare yourself to Clara Barton.. judging for your penchant for attacking people's supposed idiocy, you couldn't hold a flame to her or her achievements.
Good luck with your long position in CFC, I don't personally care whether you make or lose money.
I don't base any of my investing decisions on anything said HERE so please don't help me.
