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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (13569)	7/5/2000 5:41:48 PM
From: Mad2	Respond to of 18998

They're liquidating their cc recievables to get cash. No tax consequence. Pocket change for what CNC is up against. Do you know what a used double wide goes for? By the time Joe scum bag gets tossed out for non-payment, I'm not sure one could properly call it a asset. Anyway its lot less than the 110% CNC lent on the purchace. Mobile home business has been on a tear (untill this past year) growing 6-9% per year, thanks in part to CNC, Green Tree and others with loose lending practices. Should be interesting how it plays out mad2

To: Land Shark who wrote (13569)	7/5/2000 6:15:25 PM
From: Softechie	Read Replies (1) \| Respond to of 18998

Not sure what to make on CC sale yet but I see they're getting back to insurance business which is what they've been saying all along. Don't monkeying around and mess up the pot. If they can get rid of GNT and the debts then the burden is off their shoulders. I feel Gary Wendt can pull some weight behind the GNT sale. It may not be good but at least they're on track. Shorts right now are banking on they can't sell GNT. Other than that the rest can be fixed easily.