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6 pts

Opinion on  The First Marblehead Corp. (FMD)     Sector: Financial  >  Industry: Consumer Financial Services
Still a buy...

Dec 06, 2007 05:13 PM UTC
Return Risk
-51.02% LOW
Analyst

I can see why this stock is getting sold so much lately, but hold on to it.  I laugh at anyone selling this company at this unsustainably low price.   I do not think that loan defaults are going to put FMD out of business in the long term.  I do see a crisis, in that tuition is rising rapidly while it is getting harder for graduates to pay these debts.  But even if you adjust the expectations accordingly, FMD is still a buy here.  There is always going to be a market for debt, and companies are getting better and better at collecting.


FMD:  This call was made on 12/06/07 @ $18.38
Rating:   Positive   $18.38 (12/06/07)
Gain/Loss:   -96.50% in 352 days
Target:   $35.00 (+90.42%) in > one year


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Thomas C previously rated FMD
Positive -44.90% Good Buy
11/20/2007
1
Positive +6.01% Oh, what the hell? Let's buy it anyway.
11/18/2007
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