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Non-Tech : FMAX (Franchise Mortgage Acceptance)
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To: Carey Thompson who wrote (2)4/11/1998 9:46:00 AM
From: Rosemary  Read Replies (1) of 25
 
Carey,

I was reading some of that in the SEC filings. Complicated. I'm trying to get out of the tech sector, and looking at the financial sector instead. Something I know more about.

What I liked was they don't have any dead beat loans outstanding, nothing to speak of. And they had a nice revenue surprise in their last report. I don't expect them to be able to do that every quarter, but from what I found, when we buy into companies with high ROE's they usually reward you over the long term.

The company should be reporting this month, so I'll find out soon enough if they can keep up these surprises.
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