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Post# of 55859
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Re: riskybiz1 post# 38964

Tuesday, 11/18/2008 10:56:38 AM

Tuesday, November 18, 2008 10:56:38 AM

Post# of 55859
Agreed. EGMI is about 500 times easier than FRE was, and FRE was damn easy.

FRE wasn't anything like AIG or ABK, but it was just like FNM. FRE/FNM was all about taking advantage of a massive misunderstanding and ignorance in the market that thought FRE/FNM was in bankruptcy and the common cancelled. AIG and ABK had zero to do with legal/structural misunderstandings.

EGMI is just simply about a debt-free company making money NOW hand over fist trading a severe discount to these profits. No complex purchase agreement to analyze. It's a very basic stock. :)

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