FMNTQ - Fremont General Corporation

Larry Goldstone said Thursday that investors shouldn't fret over news of margin calls, insisting they are not a credit issue. He said they are actually only a pricing issue that reflects market psychology. Goldstone says he is expecting a "very strong year" from earnings perspective and that that common stock dividends "should be safe." Thornburg shares recovered from a deeper plunge earlier in the day to be down $1.78, or 15.4%, to $9.76 at close of trading on Thursday.

http://www.forbes.com/markets/emergi...markets41.html

i agree.
i just bought 4000 shares.
easy flip.
i think this will see a dollar or more on monday.

i bought at .74

someone bought a batch of 33,500 at .92

just hit a dollar

rumor of a buyout in the news.
that would make this a four dollar or more stock.

4 dollars? Where are you hearing these rumors of a buyout?

go to aol.com and look at fmt.
there are two firms saying it.
i will also post them on here.

Fremont General may sell itself amid capital woes
Thu Feb 28, 2008 5:59pm ET
Market View
FMT (Fremont General Corp )
Last: $0.99
Change: -1.37 (-58.14%)
Revenue (ttm): M
EPS:
Market Cap: M
Time: 1:38pm ET



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Company News:
UPDATE 1-Fremont General may sell itself amid capital woes
Fremont General may sell itself amid capital woes
UPDATE 1-Mass attorney general stops Fremont foreclosures
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NEW YORK, Feb 28 (Reuters) - Fremont General Corp (FMT.N: Quote, Profile , Research), a troubled California savings and loan that quit subprime mortgage lending a year ago, said on Thursday it is considering options including a sale of the company, and is running low on capital.

The Brea-based parent of Fremont Investment & Loan said it may have to write down assets or add reserves for bad loans, which would erode the $448.6 million of equity capital it reported as of January 30. It also said it has "significant liquidity risk" because of limited sources of cash. Fremont said it ended 2007 with $21.1 million of cash and equivalents.

Fremont said it is deferring indefinitely the scheduled interest payments on some of its junior subordinated debt. It also said its auditors will be delayed in completing its year-end audit, and as a result cause the company to delay filing its annual report with U.S. securities regulators. (Reporting by Jonathan Stempel



© Reuters 2008. All Rights Reserved.

staying steadt a a dollar.
i have my sell order in at $2.

I dont think this will bounce back

where do you see it getting to?
the highest you see it getting to?

IMO I think it will hit resistance at 1.50 when the market recovers. However take that with a grain of salt. I am no Warren Buffet

it is currently at $1.07 after hours.

fmt, trading at .89 cents, seems like an easy sell tomorrow morning at $1.

OUCH

.70 thats 2 real harsh days....is a bounce in order ???? not too sure but ready to pounce if it turns up

I think a bounce is in order but I dont think it is strong enough of a bounce to warrant a buy and risk it having another harsh day--jmo

wow - just imagine

will things be as they once were.....well probably not.....