Interesting Thornburg Mortgage May File Chapter 11 Bankruptcy | TMA Message Board Posts


Thornburg Mortgage Inc.

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Msg  1297 of 1306  at  3/17/2009 9:09:45 PM  by

johnwgrant


 In response to msg 1296 by  Stockforfun2002
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Re: Interesting Thornburg Mortgage May File Chapter 11 Bankruptcy

It is puzzling...     They do have the 1.x Billion loan that in a bankruptcy would have priority over the common.
 
So, do they just "give back" the common ?
 
What about the Preferred's who were shot-gunned into trading in their shares for common.  (including myself).
 
Seems like lawsuit city if they do go Chapter 11.
 
What is frustrating is not having any financial info upon which to judge how they are doing.  Are their loans turning into garbage, or, are they still some of the best quality out there.
 
It would be nice to know this info !!!


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Msg # Subject Author Recs Date Posted
1298 Re: Interesting Thornburg Mortgage May File Chapter 11 Bankruptcy Stockforfun2002 0 3/17/2009 10:49:06 PM




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