Monday, August 6, 2007

WCI update..

There are rumours in the marketplace that RAIT financial has some exposure to WCI via loans. I don't know anything about rumours, but I do reed SEC filings. Today (RAS) traded up over 2 and change to 8.69. The news: SEC filings of insider buys after the close. Insiders Betsey Cohen picked up 90K shares, Daniel Cohen picked up 100K, and a bunch of other insiders picked up stock, including 2500 shares by the secretary. In other words, they're throwing money at RAS, of which, is supposedly exposed to WCI. Exposed? Maybe not.

No comments: