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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (28045)9/12/2007 11:23:09 AM
From: Madharry  Read Replies (1) of 78748
 
I keep trying to find a reason to buy won but having trouble. went to the web site and found it cumbersome to use as a consumer. I was hoping for more from a media company. I think it would make sense for a technology company like apple to buy them.

I ve looked just a little bit at CFC and I just dont understand how theyve gotten into so much trouble . could someone explain this to me? Only thing I can think of is that they were holding on to an awful lot of loans that they were not able to sell or that they had to repurchase because of defaults and that they had to fund those repurchases by drawing down on bank lines. Is that what happened? meanwhile i see that there is now a class action suit involving their 401 k plan. I havent seen that before. I also saw some article expressing curiousity that their ceo has kept getting options at the low for the year for the past 3 years. Seems like things may keep getting uglier for cfc. I wonder if anyone has looked at this and seen some warning signs other than the insider selling and a steady decline in the share price. Will we see the same at WAMU?

Seems to me that EDV.to is a bargain but its hard to tell anymore as they've told investors to take a hike by refusing to provide monthly navs anymore.
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