Subprime mortgage lender, NovaStar shares slumped over 30% – Piggington's Econo-Almanac

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February 20, 2007 at 7:59 PM #8440

Happy renter
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NovaStar mulls change to REIT status
Stock slumps as subprime mortgage lender reports quarterly net loss

NovaStar shares slumped 30% to $12.30 during after-hours trading on Tuesday.

http://www.marketwatch.com/news/story/novastar-mulls-reit-status-change/story.aspx?guid=%7B23609BD8%2D0EED%2D4930%2DA729%2D858B2D479D89%7D&siteid=yhoo&dist=yhoo

It was $64.70 back in 2004.
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