Home > Boards > US Listed > Banking and Finance > SLM Corp (SLM)

HMMMM if it's gonna run then where is

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DAD2 Member Profile
 
Followed By 65
Posts 5,276
Boards Moderated 0
Alias Born 03/11/09
160x600 placeholder
CORRECTING and REPLACING ATTACHMENT Sallie Mae Reports Third-Quarter 2021 Financial Results Business Wire - 10/20/2021 6:00:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/20/2021 4:52:20 PM
Sallie Mae Increases Dividend on Common Stock, Declares Dividends on Preferred Stock Series B Business Wire - 10/20/2021 4:47:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 10/20/2021 4:35:34 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 10/20/2021 4:31:56 PM
Sallie Mae Reports Third-Quarter 2021 Financial Results Business Wire - 10/20/2021 4:31:00 PM
Less Than Two Weeks Left to Apply for The Sallie Mae Fund’s Bridging the Dream Scholarship for Graduate Students Business Wire - 10/15/2021 9:31:00 AM
The Sallie Mae Fund Recognized as Extraordinary Philanthropic Partner by the Hispanic Association of Colleges and Universities Business Wire - 10/13/2021 11:31:00 AM
Sallie Mae to Release 2021 Third Quarter Financial Results on October 20 Business Wire - 10/6/2021 4:30:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/27/2021 4:50:26 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/27/2021 4:50:04 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/27/2021 4:49:59 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/27/2021 4:49:33 PM
Sallie Mae Offers Tips, Free Resources to Help Families Complete the FAFSA® Business Wire - 9/20/2021 2:12:00 PM
Application Window Now Open for The Sallie Mae Fund’s Bridging the Dream Scholarship for Graduate Students Business Wire - 9/16/2021 1:20:00 PM
Sallie Mae® to Speak at the 2021 Barclays Global Financial Services Conference Business Wire - 8/30/2021 9:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/5/2021 4:22:17 PM
Automatic Shelf Registration Statement of Securities of Well-known Seasoned Issuers (s-3asr) Edgar (US Regulatory) - 7/30/2021 4:08:11 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/29/2021 4:47:41 PM
Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock Business Wire - 7/29/2021 4:30:00 PM
Sallie Mae Enhances Cash Back Features on Accelerate℠ and Evolve℠ Credit Cards Business Wire - 7/29/2021 10:10:00 AM
Sallie Mae slides 5% as Q2 adjusted net income declines sequentially Seeking Alpha - 7/22/2021 2:31:57 PM
Sallie Mae EPS beats by $0.08, beats on revenue Seeking Alpha - 7/21/2021 4:37:47 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 7/21/2021 4:34:49 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/21/2021 4:32:16 PM
DAD2   Friday, 06/05/09 08:50:32 PM
Re: None
Post # of 15 
HMMMM if it's gonna run then where is a good place to get in??





In a bold and unexpected call, Cramer named student loan giant SallieMae (SLM Quote) as his speculative stock of the year.
He said while many are already writing the obituary for this once great company, the stock has simply gotten too low for all the wrong reasons.
According to Cramer, SallieMae has fallen to just $6 a share based on comments from President Obama that he may abolish the private student lending in favor of a government run program through the Department of Education. In addition, the credit agencies has lowered the company's debt ratings.
But Cramer pointed out that SallieMae currently has $2 of earnings power and is trading at just 3 times earnings. Even if the company were to close up shop today, he said, it still has $14 to $15 a share worth of run off value from its loans already on the books.
Cramer said even if Obama has his way and takes over student loan originations, there will still be a need for loan services and debt collection, two businesses SallieMae does better than anyone. In reality, he said, most colleges are not prepared to provide direct financing, making Obama's plan very unlikely to materialize, he said.
Cramer predicted shares of SallieMae could double in the coming months, thus making it worthy of his speculative-stock-of-the-year title.


Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences