leviticus1935

Primus CEO: Fannie/Freddie Impact Minimal, CDS Will Endure

I agree with your positive view on this stock, and own both PRS and PRD in sizes that wouldn't hurt me terribly if they both go to zero. My only complaint is the lack of disclosure about exposure to individual corporate entities. How much exposure do they have to Lehman, for example? PRS will only give us industry percentages. This comes across as a sign of weakness, as if they are hiding something. On the other hand, the rating agencies do have access to these individual names and they continue to sign off on a triple A rating.