Al Capital

NovaStar Reverse Split Sinks Back to Mean

Mr Greenberg, respectfully, although your commentary is very readable, often relevant and at the edge of informative, even I am recently dismayed by this compulsive coverage of NFI. Firstly, I congratulate your work bringing the subprime mortgage problems to investors attention. However, let's just clear up the fact that the "mean" you refer to appears to be an artifact of poetic license, because there are no data (nor method of calculating an average) that you could have used to come up with the statement that NFI has reverted to its "mean" ie. average price. Mr. Greenberg, readers are interested in facts about NFI (and other companies in the sector), analysis of these facts, and of course your commentary. In the balance of these elements of reporting, the reader can actually learn something FROM you, but lately it seems we are learning something ABOUT you. Yes, there is a bigger issue, of course we know this, I hope you can use your talents and skills to explore that topic for your readers in the immediate future.

I have a tangentially related story at:

mnrtrading.blogspot.co...