[ahnuld]

well I think thats the market value of their total loan portfolio. Its not all mortgage loans and not all need to be marked down. But after reading a bit more im not so sure they will avoid bankruptcy. I want to buy them but its such a messy business now and after reading through their annual report its really hard to tell exactly what they make from their brokerage business as a stand alone entity. I think a good trade would be to buy nov 17 puts and dec 22nd calls as the 15th seems to be their do or die date and I doubt that it would be totally reflected in the market, but the nov options are all way too OOTM to trade.