Laser Mortgage (LMM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Laser Mortgage (LMM)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: E Golden who wrote (6)	12/18/1998 9:26:00 AM
From: Trevor Quest	of 24

I think the ARMS market, which is 83% of their portfolio, has stabilized. When Laser hired Lehman in early August, the global markets were in turmoil and market liquidity was drying up. Its still not all the way back but volatility around interest rates has decreased and stabilized somewhat. Normally I would not trust a company that has lied in the past about the market value of their securities, as Laser did under the old CEO. However, with him out of the loop and independent auditors checking over the books, I am comfortable with the $7.50/$8 target for net asset value as of Nov 30th. As I mentioned in an earlier post, I bought some stock at 5 3/4. I will not be adding here at 6 1/8, but I still think the positives justify the risks. Today will be interesting since the stock goes EX on Dec 21. Good luck and I hope you are able to get your initial capital back and then some. TQ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next