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The Company with its subsidiaries offers national, regional financial, educational institutions, as well as businesses, education loan marketers & other organizations, a suite of outsourcing services for private education lending in the U.S.
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SpaceMonkey01 (< 20) Submitted: 3/06/08 8:14 PM : Start Price: $14.86 FMD Score: -63.78
OK....as of tomorrow I am going into this with real dollars. Read all the previous pitches from top fools on this stock, they have said it better than I. It's pretty much trading at book value, so I don't see much downside left. Will this stock pull out of the gutter tomorrow? Probably not, but that's when you buy. It could be dead money for a bit, but I don't roll too many short term trades anyways. The loan securitzation market is tough right now, no doubt. But student loans are probably some of the safer debt and probably pull out before mortgages. Institutional investors have been quietly accumulating during the fall as well. The management here seems solid, giving themselves paycuts rather than fat bonuses during these tough times. That sounds like people that are going to look after the stock's value rather than fattening their pockets at shareholder's expense. I like this company long-term
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SpaceMonkey01 (< 20) Submitted: 3/06/08 8:28 PM
Recs: 0 | Rec This
Oh and I almost forgot a nice dividend to me while I wait for FMD to make it's comeback....
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timattox (40.82) Submitted: 3/07/08 1:02 PM
Recs: 1 | Rec This
The management suspended their dividend due to the frozen securtization market. Check out some of their press releases over the last few months. So, don't count on a dividend. Otherwise, I think this is a great price to get in on a long term investment with very very little downside risk remaining.
SpaceMonkey01 (< 20) Submitted: 3/11/08 8:58 PM
Tim--- thanks for the correction. Got in with a fairly large position at 9.25 on 3/10....well one day later it seems like the right play.....
griderX (< 20) Submitted: 4/14/08 4:26 PM
Timing is everything...huh?
SpaceMonkey01 (< 20) Submitted: 4/14/08 10:43 PM
Jeez...being the top pitch on a stock that's in the crapper is like insult to injury. I am holding tight here. There is more recognition that student loans market is critical as banks have hunkered down and cast off their less profitable sectors (read: student loans). Help me, Helicopter Ben!
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