First Marblehead: Hostage to the Credit Market - Jason Kelly

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First Marblehead: Hostage to the Credit Market
Apr 09, 2008 09:51 AM UTC

Jason Kelly

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Symbol	Sentiment	Start	Return	Closed
FMD		04/09/08	-58.94%	--

Via Long Investment Ideas from Seeking Alpha:

Ryan writes:

You wrote about First Marblehead (FMD) a while back. The stock got killed yesterday by the TERI bankruptcy and I'm wondering if you think it's worth picking up shares.

Yes,
it did get killed Tuesday, and that wasn't the first time, either.
It's down to less than $5 from more than $40 a year ago. I sent a
report to Kelly Letter subscribers Tuesday night, from which the following is adapted:

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