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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (7416)6/8/1999 5:43:00 PM
From: Allen Furlan  Read Replies (1) of 78659
 
Re Whitman book. Are there any insights that would help evaluate the cmm bankruptcy. Crimi Mae had positive earnings last quarter and stated in 10Q that none of their portfolio is in default. The rub is that they have violated covenants with Merril Lynch among others on their short term borrowings and must replace these lines of credit. So we have situation with decent assets but a squeeze that only the expert players can evaluate. My guts instincts tell me that they will survive.
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