The First Marblehead Corp (NYSE:FMD)

Strong fundamentals in undervalues market. Jan-08.

Great fundamentals. It's also a good sign when GS is backing FMD up with cash reserves to take care of any more fallout from the 'credit crunch' while at the same time buying up nearly 17% of the company.

To quote William Wallace: "Hold....Hold.... Hold!"

With the capital injection from GS this stock has a solid foundation to rebound once the credit crunch clears.

shortguru

The class of 2012 will be the largest ever in number of college students

Belief that market has overreacted on this one

The financials have just about hit bottom and are ready for a comeback. I could be calling this a little early, but.....

The industry should continue to grow given govrnments' lack of interest in educational funding. The company has a competitive edge over its competitors including the giant Sally mae. The Goldman Sachs (GS) interest is a strong vote of confidence on both management and the business/industry. At $12 -13 the downside appears to be minimal.

Undrevalued and oversold. Targeting to 30 more.

Bargain basement prices - Goldman Sachs backing. Once the uncertainty clears I will like my decision to buy this stock.

FMD is holding up during the difficult market for last few months. Fortunately, it has an excellent management and no debts. Still profitable and growing. I believe it will have a good future.

IF YOU FEAR FROM THE MARKET

DONT KNOW WHERE IS HEADED

AND AFRAID TO BUY NOW

THEN THAT IS THE TIME TO GET IN

GET ON THE RIDE

The long term fundamentals have not changed for FMD. Problems in the credit markets have led to what appears to be a irrational negative view of any company involved with the credit market. The details of the company's business does not appear to be relevent!

Massive hit due to credit crunch, must be able to rise to $20 in 2008 when credit trust is restored.

Still working on "fundamentals" to figure out if there's a safe entry point with real $$$!!!

In the interim, I'm beginning to wonder about some of the commentary in Caps postings!

1) An amazing # of "outperformers" seem to think the credit crunch will be over in a matter of months, 12-18 months. How in the world does someone come up with #s like this? This is worse than a broker changing from "buy" to "sell" to "neutral" within 1 quarter!

2) The biggest "bull" for FMD so far has been Bill Mann. He's far more knowledgable than 95% of us in the intricacies of evaluation & he's been evaluating quietly on the matter recently.

3) Many Caps players tend to think that FMD is in the business of securitizing & not originating. Have any of us seen TV commercials for "ASTRIVE" & " MONTICELLO" Loans? Guess who generates these loans? Read the Oct. Q&A session Bill Mann had with Jack Kopinsky concerning the Union Federal savings bank acquisition & the purpose it serves in the scheme of things.

4) Also I'd love to see the "somber" write up that Hidden Gems in had in december before GS stepped in! Bottom line for me is, this is one company that I will require a DISCOUNT to its MARGIN OF SAFETY before putting real $$$ down!

Maybe we ought to think about this opportunity as more than a Game, & ask some hard real questions about the changing face of FMD's business & not just the overhyped housing slump & credit crunch effect!!!

undervalued

This stock is beaten down beyond what is deserved, and will come roaring back in 2 years time.

Fitst Marblehead is being punished by the ignorance and lack of vision of the "financial experts" who cannot see the forest for the trees. Their business model is a winner and will only get better with time, even if there are bumps in the road.

Goldman want to the heads of all people shorting this stock.