porthos

Need for Student Loans Should Boost First Marblehead Stock

this analysis is saying the company can easily make money out of PSLs with deficit rates approaching 10% and delayed payment of principal and interest for up to 4 years?Any reason why they should not be able to set up a credit line for billions of dollars to originate loans and reap the spreads of 5%-6%.

...or maybe you are saying they can make a living from administrative and other business. That was a brisk $1.9 million last Q

...but there is always the imminent return of the asset backed securities market and the company's return to their most profitable line of business-collecting up front fees for facilitating securitizations to bring FMD back.

Actually it isn't exactly clear from the analysis where FMD is going to make money--something that has puzzled me since its collapse. Would appreciate any insight--it has me stumped. I would like to find a reason to buy at these prices.