Publicly-Traded S. Florida Foreclosure Mill's Reported Profits, Revenues Take Dip; Stock Sells At 25% Of April 26 Value

In Plantation, Florida, the South Florida Business Journal reports:

• As an investigation by the Florida Attorney General’s Office looms over its chairman and CEO, Plantation-based DJSP Enterprises reported a decline in both profits and income during the second quarter. The foreclosure and title processing company (NASDAQ: DJSP) reported net income of $3.8 million, or 32 cents a share, on revenue of $56.1 million. That’s down from net income of $14.1 million, or 73 cents a share, on revenue of $61.7 million in the second quarter of 2009.

• DJSP handles foreclosure legal work for major lenders, and its largest client is the Law Offices of David J. Stern, P.A. The lawyer is chairman and CEO of DJSP. [...] DJSP shares closed up 11 cents to $3.32 [as of Sept. 7]. The 52-week high was $13.65 on April 26. The 52-week low was $3 on Aug. 31.

For more, see DJSP reports smaller profit as AG probe looms.