Replies to post #19557 on Don't Bite The Hand That Feeds You

[Saratoga]

Per IH:

YES FSNM BUYOUT POSSIBILITY SO IF WE LOOK AT SHARES OUTSTANDING AND MINUS TOTAL ASSETS MINUS LIABILITIES We can get an idea

shares outstanding
20 mil

net assets around 3 bil

total loans out around 2.1 billion

even if all the loans failed they would still have 80 mil correct

80 mil and only 20 mil shares out

i could see why hand would think 4+

if this Nol law passes they say they will also get about 10 mil more dollars from that and that should bring them up to well capitalized. They are working diligently on another of sceanarios to repositon and strengthen and move forward the new mexico economy is doing great compared to national economy and new mexico has lowest loan deliquency rate in nation around 1%