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Replies to #38964 on OracleTrading

Rawnoc

11/18/08 10:56 AM

#38965 RE: riskybiz1 #38964

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. :)

Rawnoc

11/18/08 10:58 AM

#38966 RE: riskybiz1 #38964

Speaking of FRE...... she's blowing up today.