Blogvesting

Value investing ideas and articles

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Entries from September 2007

FMD : Multiple uncertainties hide underpriced stock

September 24th, 2007 · 2 Comments

First Marblehead (FMD) helps lenders design and sell private student loans, then packages these loans into securities for sale in the secondary market. It is a deeply misunderstood company, facing multiple uncertainties and with a revenue stream that has a complicated accounting structure. Because of these factors, the strengths of First Marblehead have been ignored [...]

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Tags: Stock reports