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

To: blankmind who wrote (13496)	12/28/2001 8:43:22 AM
From: MCsweet	Read Replies (1) \| Respond to of 78958

INV I stayed away from this one because it focused on non-conforming loans, loans to people that perhaps shouldn't be borrowing money and are very high credit risk. Company after company in the non-conforming or "subprime" lending area have blown up in the past few years, as their borrowers often refinance to a cheaper loan (if they improve their credit) or declare bankruptcy (if they can't improve their credit). However, if INV can successfully change strategy and clean up the balance sheet, then this looks like an interesting investment.