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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (26492)	4/7/2007 5:36:24 PM
From: a128	Read Replies (3) of 78744

I guess thats what makes a market. There were a lot of folks talking like you are after the 87 crash....the whole worlds going to hell and so on. I went heavily on margin and it really jump-started my investing career. Im nowhere NEAR as bullish as after the 87 crash, and I hold a lot of cash. I think you are going WAY overboard. There is no "going concern" statement by their auditors. There has been no mention of a liquidity crisis. I dont know exactly when AHM is on the hook to repurchase loans but I do know that most of their customers have really strong credit built over decades and most they arent likely to walk away from their houses because the market value may have dropped 5-10%. I was also under the impression that they didnt have to buyback loans except for early defaults or obvious underwriting fraud. (But I wouldnt bet my life on that) The director who bought at $30.75 and more at $22.11 also bought MSON at $3.07 in Dec and its doubled. He put a lot more in AHM too. Do YOU really know more about AHM than a guy who sits on their board and has spent 80% of his CEO salary on AHM stock recently ? If so, HOW is that ?

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