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Strategies & Market Trends : Value Investing
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To: Wallace Rivers who wrote (3441)3/6/1998 12:16:00 AM
From: Shane M  Read Replies (2) of 78628
 
Wallace,

I am a shareholder of The Money Store, and am looking into a new place to move some of my money. My database says that REMI is experiencing growth in its subprime division (where MON specializes). Revenue growth for REMI seems comparable to MON.

One concern: The sub-prime lenders such as MON have gone through a shakeout, with many restating financials (consider Green Tree) and increasing loss reserves. This in turn leads to lowered debt ratings which lowers their margins. It's difficult for me to assess the quality of loans that a company has on it's books, but if REMI is following conservative accounting I'm certainly interested. I will look into this stock as time permits.

Shane
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