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Non-Tech : Resource Bancshares Mortgage Group - RBMG -- Ignore unavailable to you. Want to Upgrade?


To: Wallace Rivers who wrote (5)1/7/1998 1:45:00 AM
From: Night Trader  Read Replies (1) | Respond to of 11
 
If REMI sold at the same multiple of this years earnings as CCR, a similar though much larger company, the stock would be 31, with a similar price if it sold at the same multiple of revenue. It was held back til recently by doubts over the merger but now that's out of the way it could soar. With today's interest rates, the mid 20s is realistic this year if it can reach or beat its earnings estimates. Watch out though: it's extremely volatile and can move 2 points in a day in either direction for no apparent reason.