Credit Tightening Casualties
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Created by cputech
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Date updated:08-11-2007

These are companies I feel may become the next casualties of the current crisis points in the market if we do not see a Fed rate cut.

AHM was the baseline for my analysis and I looked for companies that appear to be at least as insolvent as AHM. These companies are very small and appear to be most at risk for a crisis if they are forced to liquidate asssets as AHM was.

The ultimate question is exactly how much exposure these companies have to the bad paper. Time will tell.

symbol name last price % change open
  • +
  • AHM
    Ahm
  • $0.00
  • N/A
  • $N/A

Market Cap: 37.72M Cash: $895.53M Debt: $18.02B Debt/Equity Ratio: 14.729 Current Ratio: 0.438 Large amount of debt -vs- cash. Current ratio is much less than one indicating the company would not be able to meet short-term debt obligations if necessary.

People owning AHM also tend to own: AIZALBAMPAVTAXCABBICASY

TheStreet.com Rating: No Rating What is this?

  • +
  • LEND
    Lend
  • $0.00
  • N/A
  • $N/A

Market Cap: 176.07M Cash: $173.1M Debt: $10.43B Debt/Equity Ratio: 14.121 Current Ratio: NA LEND may be bailed out by its pending sale to Lone Star Funds. If the deal doesn't go through, I believe LEND won't survive. Update: Looks like the deal may not happen afterall.

People owning LEND also tend to own: FEDPPPAMDSTLDCBHDELLDFC

TheStreet.com Rating: No Rating What is this?

  • +
  • NFI
    Nfi
  • $0.00
  • N/A
  • $N/A

Market Cap: 60.63M Cash: $420M Debt: $5.39B Debt/Equity Ratio: 9.62 Current Ratio: 1.173

People owning NFI also tend to own: CNSCORSDADEDRCTESCAFMTIMH

TheStreet.com Rating: No Rating What is this?

  • +
  • TMA
    316.46
  • $0.79
  • 0.00
  • $0.79

Market Cap: 2.95B Cash: $14.53M Debt: $54.43B Debt/Equity Ratio: 20.117 Current Ratio: 3.114 Thornburg has a high current ratio, but the Debt/Equit ratio is very high. They have very little cash and a lot of debt.

People owning TMA also tend to own: ASHATGBACCBMNINFBNI

TheStreet.com Rating: D What is this?

  • +
  • CHC
    238.89
  • $0.27
  • 0.00
  • $0.27

Market Cap: 613.61M Cash: $373.24M Debt: $3.96B Debt/Equity Ratio: 4.164 Current Ratio: 0.319

People owning CHC also tend to own: MRKPFEATAXZMMAAAPLMOTMA

TheStreet.com Rating: No Rating What is this?

  • +
  • RWT
    Redwood Tr Inc
  • $13.40
  • 0.00%
  • $N/A

Market Cap: 899.56M Cash: $141.71M Debt: $11.93B Debt/Equity Ratio: 12.907 Current Ratio: 0.244

People owning RWT also tend to own: AEOLRWLYGSHLDSHWTHOAGII

TheStreet.com Rating: D What is this?

  • +
  • NCT
    Newcastle Inv Cp
  • $2.38
  • 0.00%
  • $N/A

Market Cap: 843.78M Cash: $3.3M Debt: $9.07B Debt/Equity Ratio: 8.727 Current Ratio: 0.341

People owning NCT also tend to own: CVPCZNEGLEFGPGMRKEDKYN

TheStreet.com Rating: E+ What is this?

 

Start Price

Return Value

Start Date

AHM 0.695 ------ Aug 5th
LEND 6.97 ------ Aug 5th
NFI 6.40 ------ Aug 5th
TMA 24.00 -96.71% Aug 5th
CHC 12.05 -97.76% Aug 5th
RWT 32.88 -59.25% Aug 5th
NCT 15.99 -85.12% Aug 5th

Average return:

-84.71%

Success rate:

0%

Tracking Started: 08-05-2007

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