(Reuters) - NEW YORK, July 30 - American Home Mortgage
Investment Corp shares fell sharply on Monday after the
company delayed its quarterly dividend, announced "major"
write-downs, and said lenders were demanding it put up more
cash.
Shares of American Home were down 39 percent, falling in
premarket trading to $6.39 from Friday's close of $10.47.
Trading was halted for news pending prior to the market open.
The shares on Friday hit their lowest level since April 2003.
Read more at Reuters.com Bonds News
Investment Corp shares fell sharply on Monday after the
company delayed its quarterly dividend, announced "major"
write-downs, and said lenders were demanding it put up more
cash.
Shares of American Home were down 39 percent, falling in
premarket trading to $6.39 from Friday's close of $10.47.
Trading was halted for news pending prior to the market open.
The shares on Friday hit their lowest level since April 2003.
Read more at Reuters.com Bonds News
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