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NovaStar Financial Inc. (NFI)

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Last Post: 12/26/2008 11:58:01 AM - Followers: 7 - Board type: Free - Posts Today: 0

Novastar Financial Inc. (NFI) 8140 Ward Parkway Suite 300 Kansas City, MO 64114 Phone: (816) 237-7000 Fax: (913) 514-3515 Company Website: http://www.novastarmortgage.com http://www.novastaris.com Company Share Structure: Shares Outstanding: 9.47M (4:1 RS on 06/27/07) Float: 8.80M Held by Institutions: 36.10% Shares Short (as of 10-Jul-07)3: 5.91M Company Metrics: Revenue: 203M Gross Profit: 578M Total Cash: 416M Total Debt: 5.4B Book Value Per Share: $59 Company Profile: NovaStar Financial, Inc., a specialty finance company, engages in the origination, purchase, securitization, sale, investment in, and service of residential nonconforming loans and mortgage-backed securities in the United States. It operates through three segments: Mortgage Portfolio Management, Mortgage Lending, and Loan Servicing. The Mortgage Portfolio Management segment invests in a portfolio of mortgage securities, which includes interest-only, prepayment penalty, and overcollateralization securities retained from its securitizations of nonconforming, single-family residential mortgage loans; and subordinated mortgage securities retained from its securitizations and subordinated home equity loan asset-backed securities. The Mortgage Lending segment originates and purchases nonconforming, single-family residential mortgage loans through its loan origination network, including wholesale loan brokers, mortgage lenders, and correspondent institutions, as well as direct to consumer operations. It also underwrites, processes, funds, and services the nonconforming mortgage loans sourced through its network of wholesale loan brokers and mortgage lenders; and direct to consumer operations in centralized facilities. The Loan Servicing segment retains the servicing rights with respect to the loans it securitizes. The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, the company is not subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. NovaStar Financial was founded in 1996 and is based in Kansas City, Missouri. SEC Filings: http://finance.yahoo.com/q/sec?s=NFI http://investorshub.advfn.com/boards/quotes.asp?ticker=NFI&qm_page=64008&qm_symbol=NFI from the 8/13/07 conference call slide show... Press: http://finance.yahoo.com/q?s=novs.pk&x=26&y=13 6 month... 7 years... The Sanity Check: http://www.thesanitycheck.com/BobsSanityCheckBlog/tabid/56/Default.aspx 2004 FTDs: http://www.thesanitycheck.com/Portals/0/NFIFTD2.pdf 2005-2006 FTDs: http://www.thesanitycheck.com/Portals/0/NFIFTD.pdf Monthly Production Reports: http://www.novastarmortgage.com/corporate/shareholder/MonthlyProductiontReportPage.aspx Dividend Information: http://www.novastarmortgage.com/corporate/shareholder/dividend_information.aspx DRIP Dividend Reinvestment: http://www.novastarmortgage.com/corporate/shareholder/dividend_reinvestment.aspx Keep it civil. Repetitive posts and personal assaults will be removed.
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#134   Delete Bruce A Thompson 12/26/08 11:58:01 AM
#133   NovaStar unit faces involuntary bankruptcy filing up-down 01/24/08 12:22:25 AM
#132   Million dollar question..Will Wachovia make them pay or OptionMonster 12/08/07 10:51:35 AM
#131   Still good though, maybe a litte over exited, HotStockAce 12/05/07 05:39:53 PM
#130   What's so huge about it? Bruce A Thompson 12/05/07 05:30:12 PM
#129   http://biz.yahoo.com/e/071205/nfi8-k.html HUGE! HotStockAce 12/05/07 04:53:36 PM
#128   Halt danger? See previous post. analogdog 12/04/07 09:26:07 AM
#127   NovaStar Stock Jump Piques NYSE Interest analogdog 12/03/07 07:41:17 PM
#126   Any idea why the upsurge on Friday? Will boutonj68 12/03/07 08:20:50 AM
#125   No Bruce A Thompson 11/26/07 04:52:09 PM
#124   What is the latest news on NFI. rel71177 11/26/07 04:48:57 PM
#123   ugh//// there is a reason th stock has Stock 11/10/07 07:21:44 AM
#122   Perhaps we have a double bottom cooking... frenchee 11/09/07 07:36:09 PM
#121   Looks like this is already outdated information -- Stock 10/19/07 07:41:31 PM
#120   yikes! stolibox 10/18/07 11:15:01 AM
#119   Ya the credit bubble is gone for sure shortsinthesand 10/18/07 07:36:30 AM
#118   Yup The Put/Share dump conversion of 2MM shares yesterday Bruce A Thompson 10/18/07 07:31:24 AM
#117   Stolibox looks like its lights out for NFI now. shortsinthesand 10/18/07 06:42:55 AM
#116   =] still holding a few freebies here, no complaints Prince_among_thieves 09/24/07 03:52:09 PM
#115   energy email me, i'm pretty sure you have it.. Blue Sky Basin 09/21/07 06:17:22 PM
#114   Cool! Looks like we're gonna close green, three Energyguy1 09/21/07 03:59:47 PM
#113   Prince, thanks for the invite! Think I will! Energyguy1 09/19/07 09:17:36 PM
#112   Or you can gift me a free 1 Prince_among_thieves 09/19/07 07:29:00 PM
#111   Your welcome, It happens to the best of Prince_among_thieves 09/19/07 06:47:31 PM
#110   LOL! Hey, don't tempt me! But I'll Energyguy1 09/19/07 02:50:02 PM
#109   How to make a fibber Bruce A Thompson 09/19/07 02:46:13 PM
#108   OT: Gotcha! Well, I'll tell you one Energyguy1 09/19/07 02:43:11 PM
#107   OT : Energy, unfortunately all the money i Blue Sky Basin 09/19/07 02:08:20 PM
#106   OT: Blue, just curious......are you mainly sticking with Energyguy1 09/19/07 12:21:04 PM
#105   Well Prince and Blue, thanks! I needed Energyguy1 09/19/07 12:04:36 PM
#104   Double digits by end of weeek???????? Blue Sky Basin 09/19/07 11:59:29 AM
#103   Nice run up to 9.00 this morning too.....Nice Energyguy1 09/19/07 11:35:02 AM
#102   Held up nicely today Blue Sky Basin 09/18/07 04:41:01 PM
#101   Good work paulie Cya @ the winners circle! Prince_among_thieves 09/18/07 09:01:13 AM
#100   Hey Prince, I jumped out for FCCN. They paul from jersey 09/18/07 12:24:32 AM
#99   Sorry paul was gone all day, Im holding Prince_among_thieves 09/17/07 11:37:00 PM
#98   What do you think today Prince? Up? Down? paul from jersey 09/17/07 09:04:19 AM
#97   Here Bruce Prince_among_thieves 09/14/07 05:16:41 PM
#96   Bruce thanks for your effots did you see Prince_among_thieves 09/14/07 05:10:57 PM
#95   Yes paul its the short interest, combined with Prince_among_thieves 09/14/07 05:08:57 PM
#94   I was out all day, weird trading, does paul from jersey 09/14/07 04:11:25 PM
#93   2.30 shake over adding a few on this Prince_among_thieves 09/14/07 03:02:47 PM
#92   Touched near 9 waiting for fed next week Prince_among_thieves 09/14/07 11:16:38 AM
#91   Nope. I don't miss much about NFI Bruce A Thompson 09/14/07 11:16:17 AM
#90   Bruce you are missing, the fact that was Prince_among_thieves 09/14/07 11:09:13 AM
#89   Am I missing something? Bruce A Thompson 09/14/07 10:55:54 AM
#88   awesome volume here this morning! pushing 1 mill norse raider 09/14/07 10:49:44 AM
#87   Thanks Prince, i just posted over there. GO paul from jersey 09/13/07 10:12:06 PM
#86   If anyone would like too gift me a Prince_among_thieves 09/13/07 10:11:12 PM
#85   Paul with the short interest here, 2.4 mil Prince_among_thieves 09/13/07 10:04:29 PM
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