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More on Newcastle Investment (NCT) Q3 earnings: Company retains plenty of "dry powder" with...

More on Newcastle Investment (NCT) Q3 earnings: Company retains plenty of "dry powder" with $157M of un-invested capital. Collapsing CDO X generated a $224M gain (expected $200M), increased book value by $1.22/share, and decreased debt/equity ratio from 3.8 to 2.2. Book value/share now $5.64 from $3.68 in Q2. Earnings call to maybe shed some light on partner NSM's decision to pull out of the ResCap bidding. Shares +5.5% premarket. (PR)
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