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Strategies & Market Trends : Value Investing

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To: D. Swiss who wrote (10069)	2/25/2000 1:10:00 PM
From: Madharry	Read Replies (1) of 78666

In a nutshell there is a lot of debt here, and book represents an estimation of realizable values and when you are talking about residual interests in mortgages that is a highly volatile figure. Not only that but it looks like they missed the boat badly in their estimates last year. How do we know the estimate is going to be any better this year? You could make a bundle or lose everything but without a lot of anlaysis and accesss to an audit report I have no idea what the outcome for shareholders will be.

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