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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Wallace Rivers who wrote (9858)2/3/2000 11:15:00 AM
From: Paul Senior  Read Replies (1) | Respond to of 78481
 
Wallace, re: RBMG. Whatta revolting development this is -g-. Coulda/shoulda been easily foreseen that interest rates would be increasing and thus devastating to mortgage refi's/loans. Certainly to stocks of such companies as RBMG. Maybe now the worst is out though. Some small insider buys at higher levels. I'll hold on to my small position to see what happens. RBMG is a small player in an out-of-favor, depressed (and depressing) business. Not a good combination. I'll consider adding to my position though if I can see the dividend being maintained.

Perhaps the better investment at this point might be the industry leader - I believe it to be CCR - which is bouncing off its lows and which is likely to pick up market share as the weaker players exit the business.

Paul