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$2.29 -0.16 (-6.53%)
7/3/2008 1:06 PM

The First Marblehead Corp (FMD)

CAPS Rating:
****

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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Recs

4

Avatar thedavil (< 20) Submitted: 5/15/08 12:54 PM : Outperform Start Price: $3.00 FMD Score: -12.82

A total run-around play. At sub-3.00, I'm thinking that FMD has bottomed out and the new company direction will drag the stocks out of the muck. A couple of class action lawsuits have been filed, but that's way beyond my knowledge to sort out. My knee-jerk reaction to the suits is that they're sour grapes from folks that rolled the dice and lost.

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Avatar thedavil (< 20) Submitted: 6/17/08 3:17 PM

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Just read my pitch for the first time since posting. Should be 'turn-around' play, not 'run-around' play. I might have to trade these fingers in for ones that work.

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