Lou Varricchio
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Articles by Lou Varricchio
October 04, 2006
New Century (Symbol: NEW) is not-- repeat not, in the options ARM business in a meaningful way. Turns out, we were misinformed and dead wrong.
As a company representative has point out, less than 1% of NEW's business is Option ARMs related business, making my first report with respect to the ri...
September 19, 2006
At first look, New Century Financial (NEW) may look TGTBT (that's "Too Good To Be True" as we like to say at Theyieldhoe.com, in case you haven't heard yet). And if you read the cover story in Businessweek (Sept. 11, 2006 issue), you may find plenty of reason to just walk away from the temptation NE...
September 16, 2006
It's well known and more or less a good thing that China buys United States Treasury bills, notes and bonds, along with their Marlboros (Symbol: MO). But among the other things that China is buying hand over fist right now, is copper. And Southern Copper Company (Symbol: PCU) yields more than 8%, by...