Posted on 15/08/07
TIP SHEET: XCEED HURT BY COVENTREE WOES
Clunk! That's the sound of another small shoe dropping after Coventree Capital Group Inc.'s revelation that it has been caught in the global credit squeeze.Blackmont Capital analyst Adam Seanor chopped his rating and slashed his target price for Xceed Mortgage Corp. Inc. yesterday, saying the company will have to find an alternative source of long-term financing now that Coventree, its primary source, has run into trouble.
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