getrealjim

Jim Cramer's Mad Money Lightning Round, 3/25/08: Fly Like Agnico Eagle

Bad call on CSE. What in their 10K\financials shows them to be a mezz debt lender? Facts baby facts! CSE is almost all first lien secured and diversified between real estate, health care and commercial lending. Real estate is their smallest allocation. Also, they have been letting loans run off and rapidly de-leveraging. Boat loans of cash.