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 (1248 views)
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4 Comments

1. little professor said...

Wednesday, December 23, 2009 12:46PM Report Comment
 

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.

Wednesday, December 23, 2009 01:09PM Report Comment
 

3. crunchy said...

Perhaps we will now see Paragon bending.

Wednesday, December 23, 2009 01:36PM Report Comment
 

4. inbreda said...

Looks like a good opportunity to short their shares to me.

Wednesday, December 23, 2009 02:36PM Report Comment
 

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