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

To: Michael Burry who wrote (2718)	12/10/1997 6:44:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 78595

Re: GNT Mike, << What do you make of the recent charge? Last thing I want is another $164 million surprise like OXHP, but IMO GNT's customers paying back loans quicker than expected isn't necessarily bad management right? Good quality of loans perhaps? >> Could be: A chap I think over at TMF recently made a most interesiting comment in my mind: He said that the recent GNT charge was actually quite positive in the sense that the borrowers are in rather good shape if they were able repaying their GNT loans at such a rate. That struck me as pretty clever thinking. Any comments?. BTW, there was some indider buying recently in GNT after the announcement of the charge. But this may be old news here. Thomas