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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (1830)	5/22/2007 8:00:41 AM
From: RockyBalboa	Respond to of 6370

Fremont General sells their activities to iStar which believes it earns 0.10 to 0.20 on it in 2007 alone (depending on close in Q3 or Q4). Meaning, Fremont is giving up some good earnings. This means that Fremont gives up roughly between $1 and $2 in earnings. The market is misreading Fremont in that context. >>>>>>>>>>>> The minority investment by the Investor Group includes exchangeable non- cumulative preferred stock in the Bank that will be exchangeable into Company common stock at a price of $8.44 per share, subject to certain adjustments. The Investor Group also will receive warrants for an additional 7.1 million shares of the Company's common stock. These warrants have a term of approximately 15 months and a strike price of $8.44, subject to certain adjustments. Subject to stockholder approval, the Investor Group also will receive warrants to purchase an additional approximately 4 million shares (under the same terms as the initial warrants), for a total of 11.1 million shares. If the stockholders approve issuance of the additional warrants, the conversion price of the preferred stock and warrants would increase to $9.00 per share, subject to certain adjustments. Assuming the issuance of all the common shares underlying the preferred stock and the warrants, the Investor Group will hold approximately 20 percent of the then outstanding common stock of the Company.

To: RockyBalboa who wrote (1830)	7/15/2007 5:06:22 PM
From: RockyBalboa	Respond to of 6370

JP Morgan CEO says sub-prime mortgage woes won't lead to recession Sun, Jul 15 2007, 17:09 GMT afxnews.com FRANKFURT (Thomson Financial) - JP Morgan Chase & Co chief executive Jamie Dimon told Germany's Spiegel magazine that problems in the US sub-prime lending market will not create a recession in the world's largest economy. He added that the situation was worse than most observers thought, but that the US economy will benefit from the fact that the rest of the world is still experiencing strong growth. He also said that JP Morgan's greatest strategic weakness is that it does not have any international operations for private clients. Dimon said JP Morgan would like to make an acquisition in order to solve this, and that it may buy a European bank. He did not name any potential acquisition targets, saying JP Morgan was not likely to make a move until a larger entity emerged from the current consolidation wave. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> my comment: oddly enough JP has a JV with Caz' as JPMorgan Cazenove... . I wonder which one of the larger banks would let go their private clients division, those are areas where banks earn really good. There are barely any independents freely trading.