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Anyone smart enough to have shorted this stock?
http://finance.yahoo.com/q?s=CORS
These guys must be the Einsteins of capital loss. 92% of loans out to condo projects in construction. Of the 92%, they distributed as follows:
25% Miami 9% Las Vegas 5% San Diego.
Three for three!
The sharks are already circling this company. Full story below:
http://www.nytimes.com/2007/10/09/business/09corus.html?em&ex=1192161600&en=fc68a8f46ff9a92f&ei=5087
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