Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (3292)	9/26/1998 8:51:00 PM
From: Gary105	Read Replies (3) of 18998

did a little more digging. according to fp statements they adjust the value of i/o strips on balance sheet every quarter and they are recording interest on the i/os (sounds like it is one of the first things being paid not the last). the value of i/os on their balance sheet is about equal to shareholder equity. if your short scenario is based on the i/os what makes you think they will suddenly be forced to take a big charge against the value of the i/os?? also shouldnt the pending drop in interest rates work in their favor in securitizing their loan portfolio (lend at high interest rate, borrow at low one)?? thanks, gary

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