iStar Financial Plummeting On Bloomberg Report (SFI)

Shares of iStar Financial SFI are experiencing tremendous volatility in the wake of a Bloomberg report which states that the company may file for bankruptcy protection in 2011. The stock initially dropped more than 20%, but has regained some of those losses. Currently it is 16% lower at $3.37. iStar Financial Inc. is a finance company focused on the commercial real estate industry. The Company primarily provides financing to high-end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, as well as corporate net lease financing and equity. Click here to get today's best trading ideas.