“It looks like an extremely ugly way of raising money. SPF [Standard Pacific Homes] is going to lend its own shares to whomever buys the notes, so that the buyer can sell the stock short. I don’t think SPF is long for this world.”
September 26, 2007 by Realtor John Wake
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John Wake
Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.
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