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Non-Tech : Green Tree Financial (GNT)
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To: Shane M who wrote (128)3/13/1998 2:16:00 PM
From: Adam Nash  Read Replies (1) of 169
 
I bought GNT after the plummet from ~50 to 30, only to watch it fall to 19. Unfortunately, this is the stock where I had to learn my "never catch a falling knife" lesson.

However, I decided to hold at that point, and look to the analyst projections and the extent of the accounting issue.

To me, it seems that the new accounting has certainly lowered the earnings curve, but not dampened its slope significantly.

Buying $2.50 of 1998 earnings at 20 seemed like a very good deal in today's market.

If GNT's earnings unfold over the next 2-3 quarters according to estimates, I will continue to hold the stock.
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