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To: bobby is sleepless in seattle who wrote (6808)11/29/2000 2:57:24 PM
From: bobby is sleepless in seattle  Respond to of 8046
 
DVI...

one that I've mentioned before..take a look at the historic chart,,,maybe monthly and it'll give a better picture of support at the 15 level...

anyway, price and volume action last two days very strong

DVI, Inc., through two operating subsidiaries, DVI Financial Services Inc. and DVI Business
Credit Corporation, or limited-purpose subsidiaries, conducts securitizations and other structured
financings. The Company is an independent specialty finance company that provides
asset-backed financing to healthcare service providers. The Company's core businesses are
medical equipment finance and medical receivables finance. The Company provides these
services principally in the United States, Latin America, Europe, the United Kingdom, South
Africa, Asia and Australia. The Company also provides interim real estate financing, mortgage
loan placement, subordinated debt financing for assisted living facilities and, to a lesser extent,
merger and acquisition advisory services and asset-backed financing for emerging growth
companies. As of June 30, 2000, the Company's total assets and shareholders' equity were $1.3
billion and $215.4 million, respectively.



To: bobby is sleepless in seattle who wrote (6808)11/29/2000 3:05:29 PM
From: Lane Hall-Witt  Read Replies (1) | Respond to of 8046
 
bobby: The banks really have me scratching my head today. I think they're aggressively pricing in Fed rate cuts for the beginning of next year, but I personally don't think the Fed is ready to be our friend quite yet. Three Fed big-wigs spoke last night, and all of them were hawkish. The GDP revision was stronger than many had expected and hoped for. Blah, blah, blah.

You're right about the bad debt many banks have on their balance sheets. And CMB can't be the only firm with bad equity bets on its books. And where are the investment banking fees going to come from in a market like this?

None of this looks so promising to me, but the market's looking at something different today--.