Tim....i agree....but, i think the source of the trouble was the capitalization ratios.....they have been out of line for a while....i'd have to go back and review the filings.....but, just from memory, i think they had cash flow problems....bad mortgages....and, everything snowballed....
i don't pay very close attention to this stock....i've been in and out of this several times....
now, i'm stuck....
this was over 3 bucks a couple of years ago....stayed in the 2's for a while....then, the downhill slide