Investors Michael A. Roth and Brian J. Stark, urged the lender's board to pursue all available means to consummate a merger agreement with Lone Star Fund V, under its original terms. Roth and Stark said they support the board's decision to reject Lone Star's revised bid of $8.50 a share, down from an original $15.10. Accredited Home has sued Lone Star over breach of merger obligation. The suit is scheduled for trial in the Delaware Court of Chancery Sept. 26. Lone Star argues that there has been "drastic deterioration" in Accredited's financial and operating health. Roth and Stark own 2,098,648 shares (8.5%).

Buyout from LoneStar.

I think that the stock will pop on any positive news about the deal with Lonestar, whether or not it ends up closing.

This is my speculative pick. I believe the deal with Lone Star will go down from everything I have heard. Jim also believes the deal to be "Ironclad" which I like him on my side. The company is struggling and I would not recommend buying it except for the current aqustion talks at hand which could offer a quick double. Holding it for a short term gain.

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.

arbitrage play

"...I previously recommended (successfully) FMT NFI IMH
LEND...."
Altucher

LEND is now an arbitrage play at $15.10/share merger with Lone Star.

http://biz.yahoo.com/e/070618/lend8-k.html

One of the good subprimes that was hit by the meltdown and will soon double as it regains its status.

Traded to increase another position. May buy back in late May. Good buy below 10.

Has Fallen Over the Cliff, but Real Estate is not dead.

Subprime play. Short-term bearish and moderate bullish

Farallon Capital Management liquidated its holdings. Prior to Lone Star private-equity group's acquisition of Accredited Home on Oct. 12, Farallon Capital Management had been a potential suitor of the company.

Overpriced & Over rated.

subprime mess

yet another subprimer

They're subprime

Short em. If I lent money at 13%, I would hedge em up by shorting the stock cause sub prime is a credit sector, not a product.
Mis Match house price to the available interest rate for the sub prime borrower. So either Rate must go down or Interest must plunge and I do not see that happening when LEND borrowed money at 13%. They supposed to lend money at 13%.

crap

Going BK

Mortgage lenders may be on shakier ground... Lenders susceptible to credit deterioration include Accredited Home Lenders (LEND)...

I hate the whole group. The idiocy of rampant issuance of interest only and negatively amortized mortgages to non-qualified borrowers will continue to destroy book value. No, we haven't bottomed yet.