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

To: Mr. Pink who wrote (14718)	1/3/2001 4:28:36 AM
From: RockyBalboa	Respond to of 18998

Thanks, any other ideas whi may suffer on high chargeoff rates? What about COF?

To: Mr. Pink who wrote (14718)	1/3/2001 11:48:32 PM
From: TRIIBoy	Read Replies (1) \| Respond to of 18998

Did you catch the Ny post article about the attorney general of new york investigating BFT for its deceptive sales practices? promotions.nypost.com Oh great pinky, what institution would buy this crappy company's receivables?

To: Mr. Pink who wrote (14718)	1/4/2001 2:38:04 PM
From: Kevin Podsiadlik	Respond to of 18998

Cramer gives CNC a left-handed compliment: thestreet.com How about when the Fed states, implicitly, that it won't let the economy slip into a recession? Fewer investors need Fannie Mae in that situation. In fact, I would go a step further and say, "I don't want the best run financial when the Fed starts bailing, in fact, I want the worst one. I want a Conseco or maybe some bank that has credit problems, a First Union or a Bank One. These have more leverage to lower rates than Fannie Mae. ... Conseco, of course, keeps ramping. Conseco is the insurers' version of Buzz and Batch. It is now run by a serious guy, but the previous regime could have been right out of the Sunbelt Savings era (that is, the savings & loan crisis at end of 1989). Total jokers. Look at that stock run. One of the hazards of a Fed cut is that there is no justice. The discipline in the system tends to peter out. But we have to accept that hazard when you think about how many of the jokers have already been swept away. It's the price we all have to pay, so you might as well make some money off of it.