NYSE Halted Trading for American Home Mortgage Investment Corp.
We all thought that Monday would be difficult for the shareholders and employees of American Home Mortgage Investment Corporation. However, pending significant news from the company that never arrived as of this posting, the NYSE halted trading.
The troubles for American Home Mortgage appear to be related to mounting problems in the home mortgage market. Late last Friday, AHM announced that the company’s Board of Directors decided to delay payment of a previously announced dividend.
I feel sad for the employees and shareholders of AHM. I wish them all the best, and I hope for them that the management can navigate these waters. We seem to forget that companies like AHM support many individuals and families, and that the company is much more than a stock price on our computer screens.
Share It: 
Bookmark It: 
Jul.30.2007. 21:11
This article hasn't been commented yet.
* = required field