NDE (INDYMAC MORTGAGE) Watch it go down !!!! Message Board

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Strategies & Market Trends : NDE (INDYMAC MORTGAGE) Watch it go down !!!!

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To: joe who wrote (6)	10/10/1998 3:45:00 AM
From: LordDarley	Read Replies (3) of 28

this baby is great.>> John Dessauer is very much in favor of NDE. Apparently, one of the rating services (not S&P) put it on credit watch with a bunch of lenders simply due to fear of the current lending climate. S&P has confirmed it is standing by its September upgrade. Dessauer says the company is extremely well run. On the Board is Angelo Mozillo, the very saavy head of Countrywide Credit. Mozillo thought there was enough value (at 21) to exercise $3m worth of options. That's his real after-tax money; Mozillo wouldn't do that if he did not have lots of respect for the management. At this price, it's a give away. The shorts may have made money (good for them) but this is a long term buy. Regards, LD

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