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Strategies & Market Trends : Laser Mortgage (LMM)

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To: Labrador who wrote (4)12/17/1998 9:11:00 AM
From: Trevor Quest  Read Replies (1) of 24
 
Still following this one Bob? Just went long at 5 3/4. With special $1 cash payment next week and a BV of $7, we are looking at a 22% discount to book. Granted, risks still remain but we are in a more stable market environment and Laser will either be a viable company going forward in '99 or will liquidate in which case we pick up the spread b/w BV and our cost basis. I like the risk/reward on this one.

TQ
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