I am going to grossly oversimplify, could it be that some think that CGF has a "subprime" problem? Remember RC revealed lax lending standards with a excessive reliance of interest only loans by the banks.
@donnyk01
You might be right.
But then, again, why not address the “problem” directly?
I mean, if one has a negative view of the RMBS/CMBS market, wouldn’t it make more sense to take a short position on a RMBS/CMBS index? Or on a specific basket of similar securities?
Or, if the shorters are constrained to operate within the long/short equity space, wouldn’t it make more sense to short the banks (which have much higher leverage to mortgages and much worse growth prospects)?
I am going to grossly oversimplify, could it be that some think...
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Last
$6.89 |
Change
0.020(0.29%) |
Mkt cap ! $4.761B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.99 | $6.88 | $7.286M | 1.052M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1818 | $6.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 13335 | 3 |
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