Green Tree Financial (GNT) Message Board

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Non-Tech : Green Tree Financial (GNT)

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To: bhuvanarama who wrote (55)	11/16/1997 11:52:00 AM
From: Doug (Htfd,CT)	Read Replies (1) of 169

MF Boring Port holds GNT; Markus comments on fall at fool.com He discusses at some length the addition to reserves in part of GNT's business portfolio, discusses the possible long term implications. While he concedes that more bad news may be coming out, his analysis is optomistic and bears reading by anyone evaluating this recent air pocket in GNT's chart. Those following GNT's progress should recall that this is not an addition to loan reserves for bad debt, but a non-cash reserve for anticipated early pre-payment of loans in one portion of their portfolio due to competitors persuading customers to refinance elsewhere. Looking at the 5-year chart, GNT has come a long way, and is now selling at only 9 times expected earnings for next year. Marcus also reminds us that GNT still has 1.8 million shares left in its buy-back authority, and that when its stock sank early this spring, GNT bought back 3.2 million shares. We might see a similar application of GNT's cash reserves between now and year end. This may be a buying opportunity for long-term investors. Doug (long GNT)

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