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

To: Paul Senior who wrote (2876)	12/29/1997 7:49:00 PM
From: E Newman	Read Replies (1) \| Respond to of 78661

Hi any thoughts on SFC ? They seem to be very undervalued. 5 analyst rate it a strong buy Southern Pacific Funding Corporation is engaged in the business of originating, purchasing and selling high-yielding, sub-prime mortgage loans secured primarily by one-to-four family residences. For the nine months ended 9/30/97, revenues totalled $129.8 million, up from $46.8 million. Net income totalled $39.9 million, up from $17.6 million. Results benefitted from increased gains on the sales of loans, and interest income due to higher loan originations and securitizations. Book value $6.04