I recently decided to start looking for future survivors in the subprime mortgage sector. Stock prices of Accredited Home Lenders (Nasdaq: LEND), New Century (NYSE: NEW), NovaStar (NYSE: NFI), and IndyMac Bancorp (NYSE: NDE) have cratered, absolutely cratered, and nearly every pure-play subprime mortgage lender is priced as if it's going out of business. There's a lot of truth to the negativity surrounding subprime mortgages - many have already gone out of business (or sold themselves), and many....
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