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Non-Tech : Green Tree Financial (GNT) -- Ignore unavailable to you. Want to Upgrade?


To: Kelly McLaurin who wrote (51)11/14/1997 7:26:00 PM
From: John Carragher  Respond to of 169
 
Late afternoon on cnbc they said the company told analysts that the loans where good. No need to set up a reserve. Now they tell everybody they are refinancing... I am getting out after the money comes back. Man do I hate to get surprised by these ceo's who don't play straight. One broker dropped them from strong buy to buy just wait until next week and they will drop them to hold while the big boys sell more off......



To: Kelly McLaurin who wrote (51)11/14/1997 9:40:00 PM
From: bhuvanarama  Read Replies (1) | Respond to of 169
 
Kelly

I have followed GNT for awhile and bought the stock in the high 20's. I feel this is a temporary set back, but to be sure the stock will probably be under pressure for the next 4-5 months until the March earnings come out. Who knows by then what the interest rate environment will be. Here is good synopsis from the Fool, check it out and it may help clarify certain questions. I will probably add to my position if it goes into the high 20's.

fool.com

Hope this helps. Remember the CEO's net worth decreased over 18 million today. Not chump change, but then again $82 million should still be enough for him to "get by" these days especially in this low inflation environment.