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Troubled Walter Investment Management stock continues freefall

Anthony Renzi, CEO of Walter Investment Management
[LinkedIn]

Anthony Renzi, CEO of Walter Investment Management [LinkedIn]

TAMPA — Shares in troubled Walter Investment Management Corp. continued to tumble Wednesday morning after dropping below $1 a share on Tuesday.

The Tampa mortgage company was trading down about six percent this morning at 90 cents a share as of 10:15 a.m. On Tuesday, amid a major stock selloff across Wall Street, Walter was among the hardest-hit Florida stocks, down 14 percent.

Previous coverage: Trigaux: After half-billion dollar loss, Walter Investment Management shares drop 39 percent

Walter's trading woes have accelerated quickly since March 14 after it reported a half-billion dollar loss for 2016. For perspective: four years ago, Walter shares traded in the mid-$40s. Eleven years ago it traded at more than $300 a share.

Troubled Walter Investment Management stock continues freefall 03/22/17 [Last modified: Wednesday, March 22, 2017 10:27am]
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© 2017 Tampa Bay Times

    

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