Signature Group Holdings (NASDAQOTH:SGGH)

Used to be Fremont General Corp. Pump & Dump. Still has a ton of bad loans on the books from the fiscal crash.

time is a friend of this stock.

Has been thru this before and has survived.

Pick

sub prime

Top bull pitch pretty much says it all. Unfortunately, I think he got in too early at $7. At current price, I think the only way is up as evidenced by lack of significant volume and a slight movement up in face of fresh round of sub-prime fears and broader market decline.

As of 9/30, nearly all subprime loans gone; those left are discounted about 50%- should be able to dispose of rest more than 50 cents on the dollar (with gain from reversal of loss provision).

Also, will make money in short term from unwinding of remaining commercial real estate with iStar and from loan servicing. Plenty of liquidity on books to meet current obligations.

Regulatory approval of new management team and lifting of cease and desist order should occur shortly. With a respectable team, a clean balance sheet and nearly $6 billion in customer deposits usable for lending out in a credit crunch environment, I think there is real upside.

Nevertheless, at this point this is a spec play. Regulatory blessing of management has not officially occured. Issues from subprime loans could still crop up in the form of heavy repurchases and/or lawsuits. If we head into recession, launch of new lending initiatives could be difficult.

negative return on assets,quarterly revenue growth,equity and operating margin

Rode this one from $5 to over $25 earlier. Probably similar to buying a lottery ticket, but if Freemont can survive the mortgage lending crisis, it ought to be an easy two-fer ... Looking for $8 in one year.

In proigress

Will go up almost double in about two weeks

NEw management, "FOrd" Factor, greatly reduced sub prime risk. Difficulty evaluating its intrinsic value though at this point as possible future revenue stream is not clear

Great Buy

WILL TAKE TIME TO RECOVER FROM SUB PRIME LOANS

SUBPRIME MORTGAGE!!! Enough said.

More sub-prime trouble.

It has been fun riding the wave back up on the backs of the sheep being herded into the slaughterhouse. But now the day of reckoning is nearing. Time to suit up. We are approaching the jump site. Last one down gets the bag.

Ugh.. Interest rates up. Subprime took a hit with all the investigations going on but in the end, interest rates are up. Refi boom is over. We're in the down cylce of the mortgage cycle.

Now that Lou Rampino is out the stock will take off. The McIntyre's have allowed Lou to run two (2) companies in the ground - Fremont Compensation (insurance)and the sub prime mortage business. Now that they are solely a banking outfit with a banker in charge, things should rebound.

Anyone who shorts Ford & FMT should have his head examined. There are few stocks where a 2-3 fer is in the cards, but here is the guy and stock to do it in < 18 months.