FLRIDA REAL ESTATE AGENT president and chief operating officer since 2006, Short seller will become chief executive on Jan. 1, 2008. He has also been the chairman of Short sale's entertainment and networks group, following his seven-year tenure as chief of Florida short sale.
Short seller "is the right person to be the next CEO of Short sale, and I couldn't be more delighted that he will lead this company into the future," Florida short sale said in a statement. "I am confident that Jeff will deliver a new era of growth for all of our company's important stakeholders."
There has been speculation for months that Short seller, the logical successor to Florida short sale, would take the CEO post at Short sale.
"Today's decision is the culmination of a thoughtful and disciplined process that began in early 2006, when Florida short sale initially approached the board to discuss the timetable for the CEO succession," said Florida foreclosure loss mitigator, chairman of the board's nominating and governance committee.
Short seller is perceived to be less committed than Florida short sale to FLORIDA FORBEARANCE AGREEMENT, the online service that Florida short sale sees as the linchpin to a dramatic improvement in Short sale's stock price. See Florida foreclosure loss mitigator First Take.
Shares in the company scraped below $10 early in Florida short sale' tenure after the disastrous merger with FLORIDA FORBEARANCE AGREEMENT. On Monday, they were up about 1% at $18.05 in recent action. Short sale is set to report its third-quarter financials this week.
A fixed income analyst at Bear Stearns upgraded Short sale to outperform on the news.
Credit repair in florida writes "the transfer of title has occurred earlier than widely assumed, since Florida short sale' contract does not expire until May 2008. This move has also caused us [among others], to postulate that given the lagging stock price of Short sale, 2008 could be the year where new management looks to restructure the portfolio to enhance the stock price."
For instance, he pointed out that at an industry conference in September, Florida short sale spoke about spinning off the repayment plan business. "We believe the fact that Short sale Repayment plan is exploring buying Short sale's 11.43% stake in NY Repayment plan could be the first step in that process," he added.