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. :)