Market Currents

• Monday, August 4, 2008

• 10:19 AM Homebuilder weakness on WCI (WCI -98%) Ch. 11 filing: HOV -5.3%. PHM -3.3%. DHI -1.5%. KBH -2%. ETF: XHB -2.1%. Comment!
• 10:11 AM WCI Communities (WCI) files for Chapter 11. It's unable to get financing, and may soon default on its $1.8B in debt. Shares -47.6% to $0.66. Comment!

• Monday, July 21, 2008

• 10:47 AM WCI Communities (WCI +13%) says it has not received a buyout offer. Comment!
• 09:08 AM WCI Communities (WCI) +75% to $2.60. The homebuilder may be sold to an unidentified bidder for $5.25/share ($220M). Comment!