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Non-Tech : Green Tree Financial (GNT)
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To: Web2 who wrote (115)1/27/1998 11:19:00 PM
From: bhuvanarama  Read Replies (1) of 169
 
What securities law did they violate? The company in their conference call was very optomistic and with the change in their accounting it does give a more "realistic" number. Should they have done this sooner? YES. Can they be sued for this? NO. There was over a 40% increase in loans from 96 to 97 and that should increase the same or more this year. The downgrades of their debts by Fitch, Moody's, S&P will affect the stock over the next 1-2 months. We will have to wait until the next two quarters are finished to determine how strong their business is. Would I recomend buying the stock at these or lower levels? NO. I will until there is better guidance from the company in the next two quarters.
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