metal27

'SuperREIT' CapitalSource Swoops Up Fremont's Branches

Are you saying the TONE acquisition, which they worked on for a year, did nothing to prepare CSE for the acquisition of FIL's 22 branches? Do you dislike the assets--$3B in cash and a loan pool administered by someone else? Earlier you were concerned about dividend coverage, and rightly so--do you not think this acquisition will help them in that regard? If you are concerned about management, have you investigated to find out how many of Fremont's employees are coming with the acquisition? Given the straits Fremont is in, I would expect nearly all want to come to CSE.

35 Stocks That Ben Graham Would Like Here

I believe FMD no longer pays a dividend. With TERI's bankruptcy and the securitization market frozen, FMD has no operable business plan and no guarantor for the loans. I would stay away from FMD.