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

To: James Clarke who wrote (6557)	4/2/1999 6:18:00 PM
From: TimbaBear	Read Replies (1) \| Respond to of 78648

In the residential mortgage business, underwriters qualify borrowers who get Adjustable Rate Mortgages (ARM)at 2% above note rate and this seems like a good, conservative cross-check on any variable debt (or, at least, the rate the note would have under the worst case scenario within one year from the latest adjustment)....if you looked at JRC's ARM debt from that perspective, is there still enough cushion in free cash flow for your comfort?.....I have not looked at any of their numbers....I'm fully invested in other companies and situations right now, so I'm not really looking for other opps just yet.