PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: jhild who wrote (22055)	1/5/1999 1:35:00 PM
From: bobkern	Read Replies (2) of 43774

jhild. No claims were made that Realty Money was going to set up shop in 84 Lumber to do mortgages. Your right about that not making any sense. 84 Lumber would give them the national exposure that the company said they were looking to do for Realty Money. It is more realistic to expect them to provide in store financing to the 84 Lumber customers. Many contractors purchase through companies like 84 and this would only add to the their current business of mortgages as well as provide this "National" exposure. If you go into other stores of this nature such as Furroughs, Bender, etc. you will find financing available there as well. It is common for companies to utilize outside sources for their customer financing. I once joined a gym that did this also. You filled out a credit application for your annual dues and they used a local credit company to finance it. The gym received their money up front and the finance company collected the payments and the interest for this. Best Buys is another company in electronics that uses this same method for customer financing. So the possible ties that Realty Money may have with 84 Lumber doesn't seem so far fetched to me. It seems to me that this is a great move by PanAmerican if it proves to be true. It may seem like small potatoes compared to the mortgages they write but consider this. There are many contractors who spend hundreds of thousands of dollars a year in materials. You would have to write a whole bunch of home mortgages to equal the dollars that one large contractor spends. Take this times all the 84 Lumber locations and you have some considerable volume added to their existing bottom line. Sounds pretty promising to me. Just my opinion here, but I like the possibilities. Bob

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