Questions asked and answered by PAULINKANSASCITY
- Q:
New Question: COF; buying back stock and boosting dividend; bullish or denial of
reality?? Stock buyback starting 3rd quarter maybe not so crazy. I'm unsure as
they screwed up last year; Fed trade in force if you look at chart -
Asked by PaulinKansasCity -
7 months ago -
0 answers -
27 views
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- Q:
FMD has conference call at 5:00 pm eastern today; the movement in this stock
will hinge on the outlook of the ability to issue ABS and at what price to
outside investors (these are private non-federal loans). SLM expects to issue
$28 billion of ABS with the vast majority being Federal student loans in FY2008.
SLM would issue more if credit conditions improve (meaning better pricing for
SLM). GS has provided liquidity to FMD so no short term funding problems for
loans held on their balance sheet (loans held for sale). All the issues
regarding prepayment; defaults; interest rate assumptions have wriiten about;
also bankstocks.com has some psotings regarding the TERI guarentee. I will be
listening for any indication on how AAA credit tranches will be priced to
reflect the market's perception of risk. I'm also interested i hearing how new
loans are being priced to the student to reflect investor unwillingness to buy
these. Any comments and wisdom welcome!! -
Asked by PaulinKansasCity -
7 months ago -
1 answers -
40 views
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A: My thoughts on the call; it will be some time before credit conditions improve; but the
company has taken adequate steps to get through the worst. THe demand for private student
loans will INCREASE as HELOC's will be less available and college is not getting cheaper;
plus federal aid not growing fast enough. THe company will be moving towards a more
capital intensive business model as the company looks at various ways to originate loans
through their partners or their bank and either hold them on the FMD balance sheet or sell
through Securitization or other arrangements. THe demand for the product is high; and
pricing issues in the sale of the loans will be able to be passed onto the borrower as I
believe comeptition is and will DECLINE. FMD has a lot of practical experience so I
believe they can be the go to firm in this market; GS as an investor and strategic partner
is icing on the cake. It is impossible to predict when Wall Street will respect the
company; credit spreads will need to decline (not antcipated yet by the market), guarentor
issues probably need to be resolved; a secrutization taking place would obviously really
help; and probably underwriting data from the loan process showing the passing through of
costs of higher credit spreads. Expense reduction without loss of loan volumes a big
plus; all these will be examined going forward. Any other stockpickrs with an opinion??? more - Post your own answer
- Q:
Why is FTI down? I don't see anything of interest that would explain price
action other than the macro/Fed rebalance trade by funds -
Asked by PaulinKansasCity -
7 months ago -
3 answers -
47 views
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- Post your own answer
- Q: New Question: fmd
-
Asked by PaulinKansasCity -
9 months ago -
0 answers -
101 views
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- Q:
New Question: Consider this: FRE preferred is large enough that we should see
reasonable market volume; the pricing of the preferred after issuance probably
is a good indicator of the market's view of risk of financial companies. If
companies raise enough capital to meet their potential losses the balance sheet
issues are solved (at the price of dilution of equity). FRE, C, can be seen as
leading indicators of more of this activity. The blog accrued interest gets
credit for this opinion but I wanted to share it with all stockpickrs. -
Asked by PaulinKansasCity -
9 months ago -
0 answers -
165 views
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- Q:
Jim; Great work all week! All of us stockpickr's would rather see you take time
off; enjoy the family, and we'll all make it! Hearing things are going well for
you with the family is a reward you deserve and we all want you to have. Our
reward as well.
Thanks Professor!! Enjoy Cali -
Asked by PaulinKansasCity -
9 months ago -
2 answers -
93 views
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A: Not Jim...But I'll make you bet. Even though he is on vacation later this week...I bet you
he will pop up here on Stockpickrs to do a question or two. His last Vacation, in the
Islands he was posting Answers on the weak American Dollar and international plays...it is
SO HARD GOING INTO COMPLETE STOCK REHAB for a Street Addicted...us Street Junkies know
this..roflol. more - Resolved
- Q:
With CBH at $36.22 with the buyout in April 2008 of value $42.50 (thisis form
memory so feel free to correct) does the risk/reward seem worth it? I sold mine
at $40.2. THey have a great deposit base; but have a ton of Northeast real
estate exposure. -
Asked by PaulinKansasCity -
9 months ago -
1 answers -
105 views
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A: Um thats very true....haha yea I think thats a great arb play, why not thats a terrific
risk/reward ratio more - Post your own answer
- Q:
New Question: CCRT reported; something to think about; they believe that organic
growth in their credit cards (low limit; annual fee type cards); portfolio
purchases, and stock buybacks. IN my opinion you are not seeing wholesale walk
aways from these balances. They are also slowing down the addition of new card
accounts (and hence liabilities to financie growth) which I think is a good
thing. Anyt thoughts? I think this is a show me story so unfortunately for
longs this stock can be pushed down lower UNLESS default rates start declining.
Not next quarter imo.
I read this transcript and I have to believe PRAA's business looks okay. -
Asked by PaulinKansasCity -
9 months ago -
0 answers -
89 views
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- Q:
Stockpickrs should take a look at FMD earnings and listen to their conference
call; lot's of good commentary on this site and other blogs; both bull and bear.
Any opinions? Mine have been listed -
Asked by PaulinKansasCity -
10 months ago -
1 answers -
108 views
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A: Too tricky for this market. I don't want to touch anythign that does a lot of work with
Debt and loans. Yes, they're education related, and not housing. But there's a lot of
bath water getting thrown out right now.
I'll pass on it. more - Post your own answer
- Q: New Question: Does anyone have an opinion on UNTD and classmates IPO?
-
Asked by PaulinKansasCity -
11 months ago -
0 answers -
112 views
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