Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: D. Swiss who wrote (10074)	2/25/2000 5:28:00 PM
From: James Clarke	Read Replies (3) \| Respond to of 78658

<<Is it possible that this number is dramatically overstated?>> Book value is made up of loans, loans held for sale, and securization assets. Offset by very high leverage. So the short answer to your question is "uh, yeah". Looks like Crimmi Mae just before it went bankrupt. Here I would be looking for one thing - bankruptcy risk. That has little to do with book value when you have this much leverage and everything to do with liquidity. i.e. do assets match liabilities in terms of duration and maturities? And what is going on off-balance sheet?