Missouri Second Mortgage
NovaStar Financial Q2 Net Income Declines; Declares Dividend ...
(RTTNews) - Thursday evening, NovaStar Financial, Inc. (NFI | charts | news | PowerRating), a residential lender and mortgage Real Estate Investment Trust or REIT, revealed second-quarter results, reporting a decline in net income. In addition, the company's Board of Directors declared a common stock dividend for the quarter.
For the second-quarter, the Missouri-based company's net income available to common stockholders was $33.07 million, down 13% from $37.86 million a year earlier. Earnings per share available to common stockholders for the quarter were $0.99, down from $1.29 per share last year. On average, three analysts polled by First Call/Thomson Financial estimated earnings of $0.79 per share for the quarter.
Portfolio net interest income declined 1% to $54.9 million.
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Tigers reunite with Show-Me win
Its been 10 years since Julian Winfield and Jason Sutherland last laced up their sneakers as teammates on the Missouri basketball team.
Neither really likes to think about it, though.
"It hurts," Winfield said.
"You had to bring that to my attention, didnt you," joked Sutherland, who reunited with his old backcourt mate last night as the Show-Me State Games 30-and-over basketball tournament tipped off.
It wasnt hard to pick out the two former Tiger guards on the court at the Lange Middle School gymnasium.
Playing for the Willies team, Winfield still had the closely shaven head, smooth jumper and lock-down defensive ability that MU fans learned to count on during his three years playing for Coach Norm Stewart in Columbia.
Sutherland, meanwhile, was the guy constantly hurling himself on the deck in the Willies teams 75-71 come-from-behind victory against St.