Thursday, July 30, 2009

PennyMac Goes Public

Will start to trade under ticker PMT.

This deal is so wrong on so many levels that its really numbing even to discuss.

www.nytimes.com/2009/03/04/business/04penny.html?_r=1&scp=2&sq=PennyMac&st=Search

dealbook.blogs.nytimes.com/2009/05/22/pennymac-trust-seeks-750-million-in-stock-offering/?scp=3&sq=PennyMac&st=Search

dealbook.blogs.nytimes.com/2009/07/30/pennymac-ipo-falls-short-of-fund-raising-goal/?scp=1&sq=PennyMac&st=Search

One word.

Soulless

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