HomeBanc Corp. (fka HMBNQ)

[rebelgirl]

A few observations, this stock has a cash generating business minus the sub prime lending biz it essentially passed on to Country Wide. IMO it was not their intention to file Chapter 11. They had just renegotaited lending terms with JP Chase.

I think the NYSE delisting them without any notice through them for a loop. It prompted a decision to restructure.

The Feds are now pumping money into the sector. What if this happened two weeks ago, and the NYSE instead of booting HMBN, actually gave them the usuall 30 day notice and time to appeal??

There's no Q attached to this here yet, what of the motion to file Chapter 11, can it be withrawn?? What if they've now reassured JP their loans are safe. What is going on with the current cash flowing biz and 200 mill in surplus assets after debt??

I like my odds here, hey, maybe I'm just being a diehard optimist,, but maybe,,just maybe,,this stock from here is one Hell-O of a buy!!