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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (47967)	2/19/1999 2:08:00 PM
From: Tommaso	Read Replies (2) of 132070

I guess I should have asked this question earlier, but why is PVN a good prospect for puts? Is it because it is extending a lot of credit to risky customers? That it's selling at a fairly high P/E and at triple its lowest price in the last 12 months. That it is vulnerable to any tightening by the Fed? Just hoping for more unfavorable comment. From a Reuters story: It would be a "huge time saver" for consumers as it would allow them to fill out credit card and loan applications online and get a response within a day or two. For Providian, it will translate into some cost savings, Chamberlain said, although it is too early to quantify the exact amount.

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