I'm not sure if anyone has read this month's issue of SmartMoney. I like the magazine, I find it is well written, and while it is aimed at the general public (i.e. lots of retirement advice and such in there) occasionally there is very interesting article or stock pick to investigate.

Nice read

Finally what BillyT and others saw as inevitable

Delta is filing for bankruptcy and is equity holders can expect to receive nothing.

great discussion on the merits of Delta

Delta's 3rd Quarter results...Ouch!

Excerpt: "Pretend you are Monish Pabrai right now. CCRT is down about 70% from when he bought it and it just took a 27% hit today [NOV 7th]. What is he telling himself right now when he goes through the reasons to hold on to the stock (or buy more).

Subprime lender Delta Financial Corp. is laying off almost half its workforce, hundreds of employees, its chief announced Thursday in an office e-mail that said he had "no viable alternatives."

Stock is down 25% today on the news. Earning should be announce after hours tonight.

Mohnish Pabrai's bought more DFC.

The results are in from last week’s poll at Value Investing News on Delta Financial (DFC). Two-thirds of the value investors that took this poll last week thought Mohnish Pabrai’s stock pick would recover from its steep selloff. Read the details of the final results in this article.

Form 8-K details the private issue of warrents to Mohnish Pabrai.

Delta Financial to issue $10 million of convertible notes to funds managed by Mohnish Pabrai, one of its largest stockholders.

Delta Financial's 2nd QTR results. Here is an interesting excerpt: "President and Chief Executive Hugh Miller said in a statement that Delta received a $60 million financing facility from an affiliate of alternative asset management company Angelo, Gordon & Co. The company also agreed to issue $10 million of convertible notes to funds managed by one of its biggest shareholders, Mohnish Pabrai."

Analysis and Discussion with Featured Guest Mohnish Pabrai of Pabrai Investment Funds: Stocks More Affected By Micro Factors than Macro Economy; Entrepeneurs Are Good at Handling Uncertainty - High Uncertainty, Low Risk