Thornburg The REIT's "Bad News Bears" 
The bad news continues to pile up for Thornburg. As a purveyor of high quality jumbo mortgages, the company and the stock are more like the cinematic youth baseball team, The Bad News Bears.
The bad news started during the sub-prime meltdown when TMA suspended their dividend back in October of 2007. Then the recent bad news reported by Forbes states, "[Thornburg] does not have enough cash to cover current margin calls and it will restate past financial results to account for a decline in the value of its mortgage securities."
However, I can't find an analyst or journalist willing to declare a "time of death" for Thornburg. That leaves me once again comparing this company to The Bad News Bears as they could still win a championship game, and be back in favor on Wall Street.
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Mar.09.2008. 16:28
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