Clayton Holdings (CLAY): A New Low
October 29, 2007 by Douglas A. McIntyreClayton Holdings (CLAY) provides outsourced services, mortgage-related analytics, and specialized consulting services for buyers and sellers of mortgage-related loans and securities, and other debt instruments. It sounds like a tough busines to be in now, and Clayton proved just how tough today.
After announcing poor earnings, the stock was downgraded by JPM Securities. Revenue at CLAY fell 47% to $31 million. The company had net income of $3.1 million in the third quarter last year. This year the frim swung to a loss of $2.8 million.
Owning the shares has been like watching a house burn to the ground. From a 52-week high of $24.30, the shares are down to $4.25 today.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.