Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Land Shark who wrote (13569)	7/5/2000 5:41:48 PM
From: Mad2	of 18998

They're liquidating their cc recievables to get cash. No tax consequence. Pocket change for what CNC is up against. Do you know what a used double wide goes for? By the time Joe scum bag gets tossed out for non-payment, I'm not sure one could properly call it a asset. Anyway its lot less than the 110% CNC lent on the purchace. Mobile home business has been on a tear (untill this past year) growing 6-9% per year, thanks in part to CNC, Green Tree and others with loose lending practices. Should be interesting how it plays out mad2

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