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

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To: RockyBalboa who wrote (5330)12/28/1998 9:52:00 PM
From: mod  Read Replies (2) of 18998
 
<<Who the heck are those people, putting money in a decapitated corpse?>>

Beal is a private Texas company which specializes in buying bad loans/property and working them out, making a nice profit in the process. They've made a lot of money doing it (enough for the founder to start a rocket launching company, I kid you not!). I met the management when I invested in some 12 3/4% paper of theirs 4 years ago.

Beal knows what they are doing if they are involved with FP, so you can bet their loan is well-secured.
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