The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (42521)	5/19/1999 11:20:00 AM
From: Glenn	Read Replies (2) of 90042

ContiFinancial Fundamentals Glossary What does the company do? Consumer and commercial finance firm ContiFinancial won't let bad credit stand in the way of a good loan. The #2 home equity lender behind Associates First Capital, it originates, buys, sells, and services home equity loans for borrowers with poor credit. Its ContiMortgage division buys wholesale loans and originates retail home equity loans nationwide. Other units make commercial real estate and subprime auto loans. ContiFinancial Services and ContiTrade provide asset securitization structuring and placement services to other loan originators. The company is cutting staff and taking other measures to improve performance. Agribusiness giant Continental Grain owns 77% of the company. I did a quick look at the one year chart and the fundalmentals and this one looks safe. Smiles, glenn

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