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User 131764
2 Comments
Time to Cut Links to the Leveraged Lending Economy
Time to Cut Links to the Leveraged Lending Economy
I can tell you that DFR probably isnt going anywhere as they have boxed their liquidity issues in order to survive this credit bust. The losses were heavy on their non-agency rated paper and we're forced to sell their holdings at a deep discount to create liquidity. However, those issues are long gone, and shall not be returning any time soon. DFR/DCM is now operating within a much safer realm (mostly corporate bank loans) and has little to no sub-prime exposure at this point in time.
What would I say to a new investor to DFR?
BUY BUY BUY!!!
This stock is never going to be this cheap again, and returns will be hefty for those of us who have leveraged down during this market phenom.