porthos

Need for Student Loans Should Boost First Marblehead Stock

Well the investor briefing gives no indication there will be any return to profitability in the near term. No way to make money that I see. Still want to buy it? And how far out til they can return to their core competency which was receiving huge fees up front for setting up trusts. Does not seem be a lot of profit spun out by facilitating loans based on the TERI data base. Last Q was pretty slow

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.