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Crystal River’s Q2 Write-Downs Could Bankrupt the Company

seekingalpha.com » 2008 » July » 5th » Crystal River’s Q2 Write-Downs Could Bankrupt the Company

Tagged: crz, tma, greg weston

Greg Weston submits: Crystal River Capital, Inc. (CRZ) is a leveraged financial entity structured as a Real Estate Investment Trust. I think that the company - within two to six months - will be insolvent and its stock worthless (and trade like other worthless REITS such as Thornburg Mortgage (TMA) for under 30 cents a share for awhile as it awaits delisting). You might chide me for being … Continue Reading »

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