Daily High Five For Wednesday August 1, 2007

Jersey City, NJ – August 1, 2007

The LocateStock.com HIGH FIVE for Wednesday, August 1^st are:

5 – IndyMac Bancorp – NYSE:IMB

4 – Novastar Financial – NYSE:NFI

3 – American Home Mortgage Investment – NYSE:AHM

2 – Fremont General – NYSE:FMT

1 – Under Armour – NYSE:UA

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, subprime mortgages, home equity lines of credits, and reverse mortgages.

* Savings and loan IndyMac Bancorp said Tuesday its second-quarter profit slipped 57% from the year-earlier period and that it wouldn't be providing a full-year forecast due an uncertain outlook for the housing and mortgage markets. The mortgage lender reported net earnings fell to $44.6 million, or 60 cents a share, from $104.7 million, or $1.49 a share the previous year. Net revenue dropped 21% from a year earlier to $297.8 million, the Pasadena, Calif.-based company said. Total mortgage-loan production volume fell 12% from the first quarter to $22.5 billion. Shares of IMB were up .31 cents or 1.43% on Tuesday.

NovaStar Financial, Inc., (NYSE:NFI) a specialty finance company, engages in the origination, purchase, securitization, sale, investment in, and service of residential nonconforming loans and mortgage-backed securities in the United States. It operates through three segments: Mortgage Portfolio Management, Mortgage Lending, and Loan Servicing.

* American Home Mortgage Investment Corp. said Tuesday it has missed margin calls from its lenders and hired advisers to consider strategic options including the liquidation of its assets. As a result, other mortgage loan companies, among them, Novastar Financial, plummeted because of the news. Shares of NFI sank $3.29 or 25.44% to $9.64 on the glum sub-prime news.

American Home Mortgage Investment Corp., (NYSE:AHM) a real estate investment trust (REIT), engages in the investment and origination of residential mortgage loans in the United States. The company primarily originates and sells securitized adjustable-rate mortgage loans, as well as engages in the sale of mortgage loans to institutional investors and servicing mortgage loans owned by others.

* American Home Mortgage plunged on Tuesday after hiring investment bankers to consider options that could include "the orderly liquidation of its assets." The Melville, N.Y., company hired Lazard and Milestone Advisors to oversee the process. The news comes as American Home has been sidelined by margin calls that have left it unable to borrow on its credit lines. The mortgage lender said Tuesday it has missed margin calls from its lenders and hired advisers to consider strategic options including the liquidation of its assets. Shares of the company plunged 90% to $1.04 on concern the company may file for bankruptcy protection. AHM closed down $9.43 or 90.07% to $1.04 on the NYSE on Tuesday.

Fremont General Corporation (NYSE:FMT) operates as the holding company for Fremont Investment & Loan, which engages in commercial and residential real estate lending business in the United States. It originates non-prime or sub-prime residential real estate loans through independent brokers on a wholesale basis, which are primarily sold to third party investors; and commercial real estate loans, including bridge, construction, and permanent loans on a nationwide basis.

* Fremont General shares also reacted to the dismal American Home Mortgage news on Tuesday. American Home said it couldn't fund lending obligations of $300 million Monday, plus an added $450 to $500 million as of Tuesday. Shares of FMT were down .71 cents or 10.96% on the NYSE.

Under Armour, Inc. (NYSE:UA) engages in the design, development, marketing, and distribution of a range of apparel and accessories utilizing various synthetic microfiber fabrications in the United States and internationally. It offers products for men, women, and youth extending across the sporting goods, outdoor, and active lifestyle markets.

* Shares of Under Armor Inc. jumped as high as 17% on Tuesday after the company reported better-than-expected profit across many of its apparel lines. The Baltimore-based apparel maker said its net income rose 135% to $5.7 million, or 11 cents a share, compared with $2.4 million, or 5 cents, a year earlier. Revenue rose 51% to $120.5 million compared with $79.9 million a year ago. UA shares skyrocketed $6.23 or 11.29% to close at $61.41 on the NYSE.

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