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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (633)	5/16/2001 7:24:37 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 13815

AGM has a nice little monopoly, just like FNM and FRE, they have a government license to loan money to farmers and securitize it. FNM and FRE have market caps of $60 to $70 B, AGM has only started some two three years ago and they cap is still under $350 MM, in ten years, there is a pretty good chance that their market cap will reach 10% of that of either FRE or FNM. Since you can expect additional money to have to come in (and maybe not), assume dilution of a factor of 2 and you got yourself a potential 10 bagger in 10 years. I have had them for some times (since the October massacre of 98), my earlier entry was not that good, I missed the late 97 dip and entered only in late 1996 after it bounced quite strongly, and bailed after a year or so with double bagger. My current position is almost a triple bagger. Problems with this one is very thin trading (it was worst when it was FAMKH or something like that on the Naz). Zeev Zeev