A group including investor Howard Amster cut its stake to about 3.97 million shares (4.98%) from the 5.24 million (6.57%) it reported owning on Feb. 8.

Kelly Capital Investments cut its stake to 3,902,700 shares (4.9%), by selling about 1.8 million on March 10 and 11.

Amalgamated Gadget wants the company to conduct a "fair and open auction process." Amalgamated stated that it applauds the company's opposition to investor Gerald J. Ford's efforts to reprice his original $80 million investment agreement. It also said that it believes that the time has come to stop the "non-public and unproductive negotiations" with Ford and instead conduct an auction, so that Fremont can obtain the best available terms. Amalgamated currently owns 6,500,000 shares (8.3% of the total outstanding).

Speculation. Sector in the hurt locker.

cheap

cheap

11.3%

Housing market. $4.84 on 9/8

26 2.42 N/A

sub-prime Mess

a joke of a comany

Potential Bankruptcy

subprime

Housing Kaboom. Short em cause the money well has dried up due to tight standards.

From Barron's 3-26-07

"Another that has more downside is Fremont General [FMT], which we've been short for two to three years already. Fremont is a little more complicated, but if you read the cease-and-desist order that the regulators issued to them two weeks ago, and which started its stock crashing, it is hard to see how they don't eventually seize the bank. They as much as call Fremont's management incompetent and order them to stop doing business in subprime. Their losses from the loans they've made -- and they made $31 billion last year -- are going to be huge."

Going down hard

Mortgage lenders may be on shakier ground... Lenders susceptible to credit deterioration include Fremont General (FMT)...

Low quality name in out of favor sector.