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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (3505)	10/4/1998 7:26:00 PM
From: CoffeePot	Read Replies (1) \| Respond to of 18998

Where the red flag? Net charge-offs represented 5.3% of average managed auto receivables for fiscal 1998, down from net charge-offs of 5.5% the prior year. Our annualized charge- off rate for the fourth quarter was 5.1%, the lowest level of the fiscal year. 3 <PAGE> Accounts more than 60 days past due were 2.6% of the portfolio at June 30, 1998, compared to 3.2% at June 30, 1997. For June quarter 1998,1997,1996,1995,1994 Finance charge income 55,837 44,910 51,706 30,249 12,788 Gain on sale of receivables 123,245 67,256 22,873 Servicing fee income 42,684 21,024 3,712 p.s. any idea how they book gain on sales receivable? Everything else looks pretty straight forward.

To: Mr. Pink who wrote (3505)	10/4/1998 9:20:00 PM
From: Steve Smith	Read Replies (1) \| Respond to of 18998

Mr. Pink, What price are you short ACF? steve

To: Mr. Pink who wrote (3505)	10/4/1998 10:59:00 PM
From: TraderXx	Read Replies (1) \| Respond to of 18998

Mr Pink...its seems there are lots of these sub prime mortage lenders that are going down the tubes ie. CFN,AAM,FP,DFC. Do you think theres anything left in any of these to keep pushing them down further? any timeframes? I know it may be late in the game, but was wondering if you may have any nice juicy ones to take a look at. Looking to take advantage of the sector( or ANY sector that looks shaky now). Appreciate all your help. P.S. What do you think the timeframe could be for the fall of ACF?TNSI?LBFC?

To: Mr. Pink who wrote (3505)	10/4/1998 11:07:00 PM
From: Pluvia	Read Replies (1) \| Respond to of 18998

REXI STRONG SELL RECOMMENDATION - Part 2 Accounting Irregularities Message 5911142 "It's all fun and games till the CEO has his margined stock sold off" Conversation recently overheard at FP headquarters as the contractor building Dan's $20 mill house showed up looking for money...

To: Mr. Pink who wrote (3505)	10/4/1998 11:25:00 PM
From: TraderXx	Read Replies (2) \| Respond to of 18998

Mr. Pink..one more question if I may. I had heard through the grapevine of a possible short recommendation of WDRY. Have you heard any such rumours? I know it has also come down quite a bit, but was wondering of your opinion. Thanks again P.S. to Pluvia...excellent post on REXI

To: Mr. Pink who wrote (3505)	10/4/1998 11:30:00 PM
From: TRIIBoy	Respond to of 18998

Relaxing Sunday night watching an ugly football game between Kansas City and Seattle, and I was surprised to see no less than three Dan Marino-led FirstPlus Financial commercials. I see they must still be accepting loans even though they cannot securitize them. I guess they figure they are going down the drain, why not blow all their money...

To: Mr. Pink who wrote (3505)	10/5/1998 2:22:00 PM
From: F. Lynn	Read Replies (2) \| Respond to of 18998

A question regarding your FP put trade: In several of his columns on his site TheStreet.com, Cramer has made comments regarding large options trades. He has stated he will often take a large position in call options, and when he wants to cash in after a nice gain, shorts common. When I asked him why in an email, he stated that unloading a largish (which I guess means 1000+) option position means taking a huge haircut on the spread. Have you found this to be the case, and how do you proceed given this?