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The Dirty Dozen Are Still in Market's Crosshairs

By Jim Cramer

 About this article:
 Time to revisit the Shorts' Dirty Dozen. These were the mortgage companies (notice, I ain't callin' 'em just subprime anymore) that I identified as candidates for being crushed in this market. Uniformly the execs at the companies that I talked about hated this piece. I could care less. Without further ado: IndyMac: $29 to $21 Centerline Holdings (formerly CharterMac and ARCap): $19 to $10 Friedman Billings: $5.10-$4.60 Fremont General: $7.40-$5.50 Redwoods Trust: $54-$28 Newcastle Investment: $27-$15 American Home Mortgage: $25-$1 Gramercy: $30-$22 RAIT: $29-$8 Accredited: $9.43-$8 Thornburg Mortgage: $23-$23 CapitalSource: $24-$16 (I left out NovaStar because I said it was so bad I wouldn't mention it -- but it did a four-for-one reverse split and is almost back to where it was before this!) Only Thornburg is at its price. The others are disasters. My issue is, why would anyone want to own any of these? Why would anyone want to lend to one of these? This is the group that is squarely in...

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