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jaybird249

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jaybird249

Re: None

Tuesday, 12/01/2009 9:50:17 PM

Tuesday, December 01, 2009 9:50:17 PM

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FMD $2.18$4.5 / share cash
http://finance.yahoo.com/news/First-Marblehead-Announces-iw-2943019828.html?x=0&.v=1

Student loan company FMD is biggest no brainer out there IMO.

-Was a $35 stock in 2007
- $450 MM cash or $4.50 / share. $2.5 / share net cash after debt.
-Getting more tax refunds for prirop years.
-On conference call said they are in "final stages" of agreement with a major bank for student loan business.
-Goldman Sachs invested at $5 in 2008.
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