I am an exfinancier and can assure you that "high quality" loans can become unprofitable due to margin compression and change of rates. I am sure the quality they are referring to is the quality of the credit involved. I think some of our investors do not quite understand the language. Say what you like this was written on the wall a week ago and it is not hard to understand why both companies have agreed to a harmonious break of the deal. There will be no penalties here - really bad timing to do a deal of this nature - I would have been heading for the door if I had been on either side. Yes it will cost me and I have seen these things occur before but I stayed in when I should not have.
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44.0¢ |
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Open | High | Low | Value | Volume |
44.0¢ | 44.0¢ | 44.0¢ | $6.684K | 15.19K |
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---|---|---|
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44.5¢ | 4102 | 4 |
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7 | 103102 | 0.435 |
5 | 65607 | 0.430 |
1 | 10500 | 0.425 |
7 | 65668 | 0.420 |
Price($) | Vol. | No. |
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0.445 | 4102 | 4 |
0.450 | 54563 | 4 |
0.455 | 13862 | 4 |
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