NFI

From Marketwatch, this quote says it all:

NovaStar Chief Financial Officer Greg Metz said the company expects to recognize little, if any, taxable income in 2007 through 2011, so "management is currently evaluating whether it is in shareholders' best interest to retain the company's REIT status beyond 2007."

Unpaid dividends from 2006 equal $4.60 per share. It's hard to see anything else worth anything in the company.

The question is, what will happen to the rest of the credit bubble?