after rejecting a $22 per share bid last year and saying all along that liquidity was ok and they were going to make it http://www.marketwatch.com/news/sto...6627E-5B13-4874-B40B-A5607F123105}&dist=msr_1
Another 5 or more chapter 11s in this industry and then maybe you can start to buy some homebuilders, there are still more bankruptcies to occur in this sector, im surprised its taken this long. August is a huge month for resettting arms, this will push foreclosures to record highs over the next few months.