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Non-Tech : Green Tree Financial (GNT)
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To: Bruce Tiemann who wrote (20)7/22/1997 8:23:00 PM
From: Doug (Htfd,CT)   of 169
 
Motley Fool Synopsis of GNT Conference Call at www.Fool.Com
fool.com

Highlights:

"[E]arnings per share for the second quarter ended June 30 increased 44% to $0.78 compared to $0.54 in the second quarter of 1996."

"[H]ealthy loan growth continues to be driven by strong consumer finance volumes, which increased 40% to $2.76 billion compared to the second quarter of last year, and by higher commercial finance volumes, which increased 44% to $1.20 billion versus last year's period."

"[N]ot only is Green Tree seeing strong production in all of its businesses, it is also managing the credit quality of that production very well. "

Re Manufactured Home financing: "Green Tree's MH loan volume increased appreciably despite relatively flat shipment statistics for the MH industry as a whole."

Credit Cards: "The quality of charge-offs is excellent, below company projections. In its co-branded card operations, Green Tree deals primarily with furniture, home improvement, and air conditioning companies -- whose customers are also potential users of Green Tree's home equity loan products."

Competition: "Green Tree is not experiencing pressures on margins. Management does not anticipate spending money on trying to build brand recognition, believing that a strategy based on service, range of products, and cost competitiveness is a better approach."

Full Synopsis at fool.com

Doug
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