RE:RE:RE:RE:Tater's back! Worthless puts and total loss on premium paid!but as long as they remain profitable deals- i..e very low rate of bad debts/foreclosures, they what is the problem. the short thesis was that the company's loan book was all fraudulent, then it became apparent that it wasn't, so then they changed their thesis to that the real estate market was about to crash, which is hasn't ( yet) and isn't going to for at least another six months if not longer, so then the shorts freak out about originations being too low. so if they now become more prudent, in part because they didn't have the money to give out for the majority of the last quarter, then shouldn;t that be viewed as a good thing in the short run- i.e all the deals they made will have been of the better quality as they could fund a limited amount of deals, they would pick the less risky deals. going forward, the company had advised that they will not be funding as many deals as they had hoped, but they are going to try and regain market share but it will take time. So again they are being upfront and managing people's expectations. As long they continue to be profitiable and they hopeful restore the dividend at some level, then this should be a decent company in which to invest, given that the BV at the end of the last Q was 22 to 23 dollars per share, which is significantly higher than $ 16.50, with no accounting for any future earnings potential, even if the rate of profitability will be lower. so again, why the concern about lower originations? the company has admitted as much, so again, I say its the shorts who have made much ado about nothing.