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Re: ryandlou post# 6430

Thursday, 08/02/2007 3:25:55 PM

Thursday, August 02, 2007 3:25:55 PM

Post# of 11318
I am not sure if you can use the terms long term investing with Sub-Prime Mortgages in the same sentence. I think Reliant will need to turn things around fairly quickly ( within next 18 months). The Canadian Sub-Prime as well as Prime sectors is likely to start cooling off in 3-5 years down the road.
Right now there is a 55 billion potential in the Candian Sub-prime sector. Now is the time to start tapping into this huge Revenue potential. There is plenty of wiggle room and then some for Reliant if they can fix their issues. Still have some hope on this one.