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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (3102)	12/8/1997 11:23:00 PM
From: Steven Durrington	Read Replies (1) \| Respond to of 11708

TraderGreg, Seeing it's within your realm of expertise, perhaps you might be able to elaborate on the significance of the recent news release about LPS. biz.yahoo.com What sort of profit margin is involved for the companies involved in the mortgage business ? After a company like the LPS subsidary pays the interest rate for its capital borrowing, as well as wages, property leases, and other overheads,what is usually left over for the company ? 0.5% ? Banks seem to make a good living off this sort of activity... I was trying to come up with ballpark figures, but not having a comprehensive knowledge of the industry, it's a little difficult. If LPS's 3000 member network sells 150K mortgages to say, 10 customers each, and makes 0.5% on each one, then would they make $750 x 30,000, or about $22,000,000 a year, or about $1 per share ? That's just a WAS (wild assed guess), and I'd appreciate if you might be able to clarify the sort of figures we might be actually dealing with. Hope to get my investor's package and financial report soon, so things become a little clearer. Any help in the meantime though, would be greatly appreciated. Regards, Durro