Amit Chokshi_

First Marblehead: Little Risk Priced In

Bankstocks.com is not really an "analyst" website, it's Tom Brown's blog basically. I am not up to speed on FMD but given Brown's track record with his hedge fund Second Curve Capital I wouldn't want to be on the other side of that trade. Those guys only invest in the fin svcs sector so I'd assume they have a firm grasp on the valuation drivers of their holdings. Still, plenty of people agree with you since a good portion of FMD's float is usually sold short.