Wednesday, Dec 23, 2009
Not Para-gone yet :(
Wall Street Journal: UK Lender Paragon Still Standing As Rivals Fade
Investors have bet on the demise of U.K. buy-to-let lender Paragon twice. Both times, they were proved wrong.
And, far from disappearing, after a rough ride and near-panic by investors in the past two years, the Midlands-based company just reported a profit for 2009 and hiked its dividend, helping to push its once-freefalling share price upward and restoring some optimism in the market. It iseven thinking about ending its freeze on new lending, as confidence in the U.K. housing and funding markets slowly is restored.
Posted by little professor @ 12:44 PM (778 views) Add Comment
4 Comments
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1. little professor said...
2. mark wadsworth said...
I like the :(.
It is amazing how petty and vindictive we have become (me included!) every time there's bad news on The Wilsons, Anthea Turner, Kirstie'n'Phil, Paragon or Assetz, then we all cheer like mad. As far as I am concerned it is personal, these people are the cheerleaders of Home-Owner-Ism.
3. crunchy said...
Perhaps we will now see Paragon bending.
4. inbreda said...
Looks like a good opportunity to short their shares to me.