Delta Financial Corp (fka DFCLQ)

[welderfred]

Do you know whats going on here , my shares are still in limbo

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1/21/09 Delta Financial Corp 15-12B

[welderfred]

I traded some last week , now it is listed like a preferred shares or something in my account , just has a number beside it instead of a symbol

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My broker says its an inactive security and not allowed to buy, thats BS as the last trade was on 1-14-09

[welderfred]

Some thing going on here , Ash brokerage buys DFCLQ and then partners with LTS

[welderfred]

What happened here had stock in dfclq and now it is showing some number symbol in my account instead. Maybe shares in a new company

[welderfred]

What happened here had stock in dfclq and now it is showing some number symbol in my account instead.

[dragon man]

what happen to this company? did feds take banb over?

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over $18 billion in loan assets

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Strong Subprime lender specializing in fixed rate mortgages (80%) with little exposure in high pressure areas like California (<1%). Origination rates are lower than industry average. Stock price trading near 52-week low. 30% insider ownership, 25-year old company. Only subprime lender making money. Sells 75% of the loans in retail (low cost).