Daily High Five For Monday August 6, 2007

Jersey City, NJ – August 6, 2007

The LocateStock.com HIGH FIVE for Monday, August 6^th are:

5 – Alesco Financial – NYSE:AFN

4 – RAIT Financial Trust – NYSE:RAS

3 – IndyMac Bancorp – NYSE:IMB

2 – Mueller Water Products – NYSE:MWA

1 – Accredited Home Lenders – NASDAQ:LEND

Alesco Financial Inc. (NYSE:AFN) is a publicly owned real estate investment trust. The firm typically invests in real estate and other securities including trust-preferred securities, mortgage backed securities, and corporate loan obligation.

* On July 30^th Alesco filed an SEC form 8-K for “entry into a material definitive agreement” and by purchasing $5,000,000 par value of preference shares of Alesco Preferred Funding XI, Ltd. (the "Securities") at a purchase price equal to 91% of par value. Shares of Alesco were trading lower 57 cents or 13.26% to $3.73 on the NYSE on Friday.

RAIT Investment Trust (NYSE:RAS) operates as a self-managed and self-advised real estate investment trust (REIT). The company provides a set of debt financing options to the real estate industry.

* Despite holding a second-quarter earnings conference call the previous day, real estate investment trust RAIT Financial Trust plummeted in Friday trading. Shares of RAIT fell $3.22, or 33.75%, to $6.32 and set a new year-low in the session. RAIT's shares had traded between $7.51 and $38.25 during the past year.

IndyMac Bancorp, Inc. (NYSE:IMB) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. The company operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non-conforming loans, construction-to-permanent loans, sub-prime mortgages, home equity lines of credits, and reverse mortgages.

* IndyMac Bancorp suffered a 10%-plus fall early Friday after an e-mail by Chief Executive Mike Perry to employees surfaced that described the mortgage-backed bonds market as "very panicked and illiquid." As a result, he said in the note that the lender will have to make major changes to its underwriting and pricing guidelines. The mortgage lender dropped $1.39 or 6.60% to $19.66 after setting a new low of $16.86 earlier in the session.

Mueller Water Products, Inc. (NYSE:MWA) manufactures and sells various water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, and gas distribution and piping systems in the United States and Canada. It has three segments: Mueller, U.S. Pipe, and Anvil. The Mueller segment manufactures dry-barrel fire hydrants; gate, tapping, check, butterfly, ball, and plug valves; iron valves, meter bars, and line stopper fittings; pipe repair products, such as repair clamps and couplings used to repair leaks in water and gas distribution systems; municipal castings, such as manhole covers and street drain grates; and patterns used by the foundry and automotive industries.

* On Thursday, August 2^nd Mueller Water reported net sales of $502.5 million, income from operations of $57.4 million, and a net loss of $1.3 million, or $0.01 per diluted share (earnings of $0.17 per diluted share, excluding loss on early extinguishment of debt) in the third quarter ended June 30, 2007. The company filed an SEC form 8-K the following day as shares of MWA picked up 89 cents or 6.13% in the session on Friday.

Accredited Home Lenders Holding Co. (NASDAQ:LEND) and its subsidiaries operate as a mortgage banking company in the United States and Canada. The company originates, finances, securitizes, services, and sells nonprime mortgage loans secured by residential real estate.

* Accredited Home plummeted 41% in mid-day trading last Thursday as the lender warned of possible insolvency if the mortgage industry continues to deteriorate. The company also said if any of its own lenders decided to execute a so-called margin call - requiring the company to put up additional cash or collateral in exchange for the funding -- the company could be in deep trouble. Shares of LEND traded higher on Friday, the following day, with shares up $1.66 or 31.26% on the NASDAQ.

The daily HIGH FIVE stocks are determined by the company’s proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest­ stocks to short that day.

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