June 10th, 2008
CNBC Bonus Bucks Trivia: In Cramer’s May 15 Sell Block segment, “The Newest Mortgage Offenders,” why did the Mad Money guru slam IndyMac?
In Cramer’s May 15 Sell Block segment, “The Newest Mortgage Offenders,” why did the Mad Money guru slam IndyMac?
IndyMac’s bad loans are skyrocketing, the company keeps diluting shareholders as shares outstanding continue to build up. And it isn’t even saying it can be profitable this year as it remains heavily exposed to the worst areas of the California market, which make up nearly 50% of its holdings.
At one time, IndyMac (IMB) made my Small Cap Watch List (Track at Marketocracy). But that was a long time ago. These days it doesn’t even make it past my initial screens.
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