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Thornburg Mortgage stock set a new low at the end of trading Wednesday, closing at 67 cents per share.
Wednesday, May 14, 2008 - 2:51 PM
The stock, which took a one day dip below $1 in March following a rush of margin calls, has been in a steady decline in anticipation of a shareholder vote that will either massively dilute the value of Thornburg Mortgage stock (NYSE:TMA) or, if the vote should fail, put the continued existence of the company in jeopardy.
The stock's previous low had been 71 cents on March 10 and again at Tuesday's close.
The company is based in Santa Fe.
http://albuquerque.bizjournals.com/albuquerque/stories/2008/05/12/daily21.html?ana=yfcpc
Wednesday, May 14, 2008 - 2:51 PM
The stock, which took a one day dip below $1 in March following a rush of margin calls, has been in a steady decline in anticipation of a shareholder vote that will either massively dilute the value of Thornburg Mortgage stock (NYSE:TMA) or, if the vote should fail, put the continued existence of the company in jeopardy.
The stock's previous low had been 71 cents on March 10 and again at Tuesday's close.
The company is based in Santa Fe.
http://albuquerque.bizjournals.com/albuquerque/stories/2008/05/12/daily21.html?ana=yfcpc
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