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From: giorgi...@aol.com
Date: Mon, 06 Aug 2007 07:27:01 -0700
Local: Mon, Aug 6 2007 10:27 am
Subject: Re: Do we BUY SELL or HOLD this stock ????
I agree with you completely. Who cares about 12 mill break up fee
that's peanuts compared to 400 mill that Lone Star is going to loose if they go along with this deal. The choice is between loosing 400 mill and not loosing this money, you guess how they are going to decide. Nothing is cast in iron the mortgage industry is in turmoil; shareholders know that and don't expect Lone Star to make the purchase. It's an extraordinary circumstance and I have absolutely no doubt that the agreement protects Lone Star against the market turmoil we see right now (it's basically a shutdown of secondary mortgage market). Even if LEND takes Lone Star to court for specific performance the litigation can drag out for years and LEND will be bankrupt in couple of months. You must Sign in before you can post messages.
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