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It seems that first Marblehead does not want to close down. It could be down all day and at the close it makes up what ever was lost. Took my money out on the big tax news pop playing with the gain would love to see another big pop. JMO
I wonder what First Marblehead would be worth in a buyout or taken private now that most of there tax problems are settled? JMO
Indeed! Is $7.00+ possible today?
We'll see~
;)
This stock was one of my best picks this year and it's still going strong. I hope all my end of the year buys do as well. JMO Do your own DD. Happy New Year to all.
Yup. Got some good Pre-Market activity going on here~
We hit $5.90 A/H's. Wonder what tomorrow's Open will bring~
You got THAT right! I've been holding 10K Shares
since $1.80(+/_).
Looks like we are still in for a Nice Ride here.
I'm thinkin' $7+?
What Say Ye~
First Marblehead you did it again today.Keep it going
Thank You First Marblehead. WAY TO GO$$$$$$$$$$$$
News coming at around lunch time I'm surprised it went up so fast already. I believe its a afternoon dip. This is big news for this company that's been holding it back.. Should close fine
News has to percolate.
It's also coming during a slow time in the markets.
Institutional shorts don't want to lose, so I am sure they are trying to exit quietly.
Hopefully you aren't playing the December options. Because it may take a little longer than normal to see the stock run.
Is this mid day drop or is it out of gas?
Yea I think it will hit close to $7. I got some in the 4's
Ya just read... set my bid to low missed out now it's off to the races smh
Wow company can Keep 200milli
Wondering the same. Something with IRS though
I made a few dollars on FMD once before. Took a nice position once again. I think it's over sold now. JMO do your own DD
First Marblehead Corp. (The) [$FMD] due diligence
bullish weekly trade 70% on margin
$FMD
DD Notes ~ http://www.ddnotesmaker.com/FMD
##### recent news/filings ~ source: finance.yahoo.com
Wed, 02 Jul 2014 22:00:05 GMT ~ First Marblehead Appoints New Chief Financial Officer
[at noodls] - BOSTON, MA -- (Marketwired) -- 07/02/14 -- The First Marblehead Corporation (NYSE: FMD) today announced that Alan Breitman will be joining the Company's leadership team as Chief Financial Officer, Chief ...
read full: http://www.noodls.com/view/ABA4106AC1D913B7822AE60E44F2AF70D2F800BE
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Wed, 02 Jul 2014 20:44:19 GMT ~ CFO Moves: Cellular Dynamics International, First Marblehead
read full: http://blogs.wsj.com/cfo/2014/07/02/cfo-moves-cellular-dynamics-international-first-marblehead/?mod=yahoo_hs
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Wed, 02 Jul 2014 20:06:42 GMT ~ FIRST MARBLEHEAD CORP Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statemen
read full: http://biz.yahoo.com/e/140702/fmd8-k.html
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Wed, 02 Jul 2014 20:05:00 GMT ~ First Marblehead Appoints New Chief Financial Officer
[Marketwired] - The First Marblehead Corporation today announced that Alan Breitman will be joining the Company's leadership team as Chief Financial Officer, Chief Accounting Officer and Managing Director, effective August ...
read full: http://finance.yahoo.com/news/first-marblehead-appoints-chief-financial-200500267.html
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Tue, 01 Jul 2014 15:42:01 GMT ~ First Marblehead's Bank Subsidiary Completes the Second of Two Planned Sales of Private Student Loans to RBS Citizens Financial Group, Inc.
[at noodls] - BOSTON, MA -- (Marketwired) -- 07/01/14 -- The First Marblehead Corporation (NYSE: FMD) today announced that on June 25, 2014 its subsidiary Union Federal Savings Bank sold a portfolio of private student ...
read full: http://www.noodls.com/view/EA00A6DE3078FB5B27509935614F7B09E7232719
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##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/FMD/company-info
Ticker: $FMD
OTC Market Place: Not Available
CIK code: 0001262279
Company name: First Marblehead Corp. (The)
Company website: http://www.firstmarblehead.com
Incorporated In: DE, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001262279&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/FMD/filings
Latest financials: http://www.otcmarkets.com/stock/FMD/financials
Latest news: http://www.otcmarkets.com/stock/FMD/news - http://finance.yahoo.com/q/h?s=FMD+Headlines
Major holdings: http://data.cnbc.com/quotes/FMD/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=FMD+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/FMD.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=FMD
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=FMD&search=search
DTCC: http://search2.dtcc.com/?q=First+Marblehead+Corp.+%28The%29&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=First+Marblehead+Corp.+%28The%29
Corporation WIKI: http://www.corporationwiki.com/search/results?term=First+Marblehead+Corp.+%28The%29&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.firstmarblehead.com
Alexa: http://www.alexa.com/siteinfo/http://www.firstmarblehead.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.firstmarblehead.com
Short Sales: http://www.otcmarkets.com/stock/FMD/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/FMD/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/FMD/research
Historical Prices: http://finance.yahoo.com/q/hp?s=FMD+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=FMD+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=FMD+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=FMD+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=FMD+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=FMD+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=FMD
Balance Sheet: http://finance.yahoo.com/q/bs?s=FMD
Cash Flow: http://finance.yahoo.com/q/cf?s=FMD+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/FMD
Bloomberg: http://www.bloomberg.com/quote/FMD:US
Morningstar: http://quotes.morningstar.com/stock/s?t=FMD
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=FMD
Barchart: http://www.barchart.com/quotes/stocks/FMD
OTC Short Report: http://otcshortreport.com/index.php?index=FMD
Investopedia: http://www.investopedia.com/markets/stocks/FMD/?wa=0
http://www.pennystocktweets.com/stocks/profile/FMD
##### last known share structure ~ source: otcmarkets.com
Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
##### business description ~ source: otcmarkets.com
DD Notes ~ http://www.ddnotesmaker.com/FMD
pre110
FMD Video Chart 10/9/2013
http://www.missionir.com/videos.html
FMD nice bounce yesterday I banked
Still running FMD
Thanks, looks like a bouncer in play here.
FMD breaking out on filing
Market reaction to Statement of Ownership (sc 13g) filed today FMD
Never mind then... http://ih.advfn.com/p.php?pid=nmona&article=58869387
Yikes!
~ $FMD ~ Weekly Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
$FMD has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "FMD" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "FMD": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=FMD ~
Search Ihub for "FMD" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=FMD ~
For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~
Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~
Moving nicely here
~ $FMD ~ Parabolic SAR Buy Signals ~ Criteria alert for last trading session!
$FMD has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~
For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~
What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~
To find other similar posts of "FMD" utilize the links that follow.
Search FaStlane's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2011&SearchStr=ParSarBuyScan ~
Search FaStlane's posts for symbol "FMD": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2011&SearchStr=FMD ~
Search Ihub for "FMD" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=FMD ~
For more in depth training and information visit Chartschool on the Stockcharts page.
~ http://stockcharts.com/school/doku.php?id=chart_school ~
Also don't forget the Ihub Edu Channel.
~ http://investorshub.advfn.com/boards/education.aspx ~
FMD Video Chart 1/28/2013
http://www.missionir.com/videos.html
I'm here, waiting.... have no idea what is going on with FMD, Does anyone know?
tons of good things coming here
lets me take this and run with it
FMD is way undervalued
If the bank in RI is
lost then they are done. They will not be able to sell another loan on the securitized credit market for many months.
NORTH PROVIDENCE, R.I. (AP) - A Rhode Island bank has been ordered by federal regulators to stop making student loans.
The U.S. Office of Thrift Supervision said Monday that North Providence-based Union Federal Savings Bank must stop making loans after the bank's parent company was ordered to lessen its reliance on the private lending packages.
Union Federal and its parent, Boston-based First Marblehead Corp., agreed to oversight by the OTS and accepted a cease-and-desist order.
Under the agreement, the bank must either boost capital on hand or sell some of its student loan portfolio.
The agreements set minimum capital and deposit requirements for Union Federal.
First Marblehead's CEO says the company is working hard to address the issues.
Until they sell off some student loans from the bank holdings
this thing is heading below a buck.
what a slap in the face?
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Profile for First Marblehead Corporation - FMD
The First Marblehead Corporation was formed as a limited partnership in 1991 and was incorporated in Delaware in August 1994. It provides outsourcing services for private education lending in the United States. The Company helps meet the growing demand for private education loans by providing national and regional financial institutions and educational institutions, as well as businesses, education loan marketers and other enterprises, with an integrated suite of design, implementation and securitization services for student loan programs tailored to meet the needs of their respective customers, students, employees and members. It receives fee for the services it provides in connection with processing and securitizing the clients' loans. First Marblehead focuses primarily on loan programs for undergraduate, graduate and professional education, and, to a lesser degree, on the primary and secondary school market. The Company enables its clients to offer student and parent borrowers competitive loan products, while managing the complexities and risks of these products. It provides its clients with a continuum of services, from the initial phases of program design through application processing and support to the ultimate disposition of the loans through securitization transactions that it structures and administers. The lifecycle of a private student loan consists of a series of processes which are as follows: Program Design and Marketing, Borrower Inquiry and Application, Loan Origination and Disbursement, Loan Securitization and Loan Servicing. First Marblehead offers prospective clients the opportunity to outsource all of the key components of their loan programs by providing a full complement of services, including program design, application processing, underwriting, loan documentation and disbursement, technical support, customer support and facilitation of loan securitization. It offers service in connection with two primary loan programs: Private label programs and Guaranteed Access to Education, or GATE, programs. The private student loan industry is competitive with dozens of active participants. First Marblehead owns the following federally registered trademarks: FIRST MARBLEHEAD, FIRST MARBLEHEAD, diamond design, GATE, GATE FAMILY LOAN, GATE Guaranteed Access to Education, prepGATE and National Collegiate Trust. It provides services in connection with the creation, management and disposition of education loans, a form of consumer loan asset. This business is regulated at both the state and federal level, through statutes and regulations that focus upon: licensure and examination of industry participants; regulation and disclosure of consumer loan terms; regulation of loan origination processing; and regulation of loan collection and servicing.
Business Trends, Uncertainties and Outlook (10Q)
Education loan asset-backed securitizations have been the Company's sole source of permanent financing for its clients' private education loan programs. The conditions of the debt capital markets generally, and the asset-backed securities (ABS) market specifically, rapidly deteriorated during the second quarter of fiscal 2008.
Website: www.firstmarblehead.com
IR contact: Lee Jacobson
Vice President, Investor Relations
(617)638-2186
Email ljacobson@fmd.com
Address: 800 Boylston Street, 34th Flr,The Prudential Towr, Boston, MA, US
Telephone (617) 638-2000
FAX (617) 638-2100
CEO Daniel Meyers
Employees 368
Exchange: NYSE
Market Cap $128 M
Auditors KPMG LLP
Last Audit UQ
CIK 0001262279
Dividends: None
Avg Volume: 656,500
Earning TTM (-4.57)
Industry : credit services
Book value $6.77
NAICS Classification Consumer Lending
SIC Code Personal Credit Institutions (6141)
Outstanding 98.9 M Float 64.4 M
Insider Holdings 34.9% (6/2008)
Institutional Holdings 47% (12/2008)
Total Holdings 43M held by 147 institutions
Union Federal Savings Bank, a federally-chartered thrift located in Rhode Island, is a wholly-owned subsidiary of The First Marblehead Corporation.
Links: | |
http://www.firstmarblehead.com | |
Download Annual Report |
This deterioration accelerated during the third quarter of fiscal 2008 and has persisted through May 8, 2009. The Company's business has been and continues to be materially adversely impacted by the current market dynamics, including an inability to access the securitization market or alternative interim financing facilities. The Company did not complete a securitization transaction during the second, third or fourth quarters of fiscal 2008 or during the first, second or third quarters of fiscal 2009, and the Company does not expect to complete a securitization in the near-term. In addition, it expects the structure and pricing terms in future securitizations, if any, to be substantially less favorable than in the past.
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