FMD Conference Call
Blogger just ate my post!!!
posted by Never-Limp at 3:07 PM
Thursday, August 09, 2007
Previous Posts
- FMD Earnings
- No need to panic on FMD
- Refining margins pummeled
- SLM deal in big trouble
- Weak Oil Demand
- Welcome Readers
- The Great Crude Oil Glut
- CDO Nightmare
- First Marblehead (FMD) - More Misleading Research
- The Refiners Broke
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2 Comments:
I don't have time to write all of that again. It was a great call!
I only read a summary of the key points made during the call... what did you like the most about what was said, and what negatives were brought to light?
In the summary, it said that FMD was diversifying its client base a bit and added ING Direct among others... how big of a player is ING in this space?
Quarter billion in cash and practically no debt sounds good to me in this environment of uncertainty.
In the summary... "if the market isn't suitable to a large securitization (planned in September) would have to have more volume go through the current lenders" -- what does this really mean for the company and its profitability/prospects?
In any case, if you do have time, would love to see your list of highlights (and, lowlights if any).
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