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 (3415)	10/1/1998 9:14:00 AM
From: mod	Read Replies (1) of 18998

So why short LBFC now? If they've pre-sold their loans through early next year, earnings should hold up for the next 2 quarters. By then, the market for their loans may have recovered. What will be the catalyst to drive down the stock price (other then your recommendation)? Why not wait? thestreet.com recently had a positive article on LBFC: archive.thestreet.com Mr. Pink, are you just shorting any FBR IPO companies? Not a bad strategy lately, but LBFC doesn't seem to have any accounting problems to hide, unlike the other sub-prime lenders. I have no position in LBFC, but I'd been thinking of buying, not shorting. Dennis

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