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

To: Richard Query who wrote (4969)	9/7/1998 8:13:00 PM
From: Shane M	Read Replies (1) \| Respond to of 78510

RE SFC Darth, I've been painfully watching this one plunge in the past month or so, It's one of my holdings. One thing to note, ICII (Imperial credit) has a big stake in SFC and traded down on extremely heavy volume recently, so I'm thinking it's possible the big boys know that the buyout talks for SFC are not going so well. Long SFC, but am really in the dark as to what's happening. The PE's on the subprime's are always screwed up relative to the market because of unusual mandated accounting by SEC, but PE of 3 is really low even for this group. We have a ton of shorts in this stock also, so this must be considered in the stock's price movement also. I guess I'm still in because SFC is still making profitable loans despite a cash crunch, and a bigger bank with better cashflow should be able to make alot of money off these loans in a buyout. Long SFC, but somewhat confused. Shane