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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (30393)3/20/2008 10:38:32 AM
From: Paul Senior  Read Replies (1) of 78659
 
CIT. Volatile stock.

Not sure what I'll do here. If I catch it (the common) at $6 level with no further adverse news, I may add to my small position.

I'm not worried about being diluted in a possible stock offering by CIT to raise capital. Stock already is so far under stated book value I figure a little reduction in stated b.v./sh. from a stock offering is not going to make things any worse.
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