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Non-Tech : Resource Bancshares Mortgage Group - RBMG
REMI 0.000300+50.0%Oct 31 9:30 AM EST

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To: Wallace Rivers who wrote ()1/4/1998 7:33:00 PM
From: Zeev Hed  Read Replies (1) of 11
 
Wallace, I have not done a detailed look of REMI, I probably should send for their annual and other financial info. Here are just few pointers, for a prime lender, I think that their default rate is relatively high. They are not particularly sheap, and what worries me more short term is a slow down in economic growth which could hurt margins if defaulkt rate increases. But the most important thing is to try and see what kind of ratings their debts carry and what is their financial structures.

Last, they have just gone through a merger and there is no way for me to determine if that was dilutive or not. Do you know anything about the company they merged with?

I have no idea right now if they are a good buy or not.

Sorry I could not be more helpful.

By the way, Wallace, I am now a persona non gratis on SI, you really do not weant me to open your new thread (G).

Zeev
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