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Sallie Mae

By alexg on Wed, 2007-12-12 11:26

cheap by historical standards. Stock plummeted after deal with J.C Flowers will not go through. Forward P/E 8!

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George on Thu, 2007-12-13 23:14
Title: Sallie Mae is starting to

Sallie Mae is starting to interest me. I've added it to my research to do list. Demand for education can often go up in a recession. People go out and retrain themselves when they lose their jobs. Increased demand for college can boost demand for Sallie Mae loans. The key question is whether or not these loans will end up being profitable for Sallie Mae. I need to do some reading before I can provide an answer to that one.

billytickets on Thu, 2007-12-13 23:56
Title: George do you really think

George do you really think you can forecast future earnings with certaintity? Listen to what "smart guy"( who also bought CFC at 30) said who dissed me for buying BRK/B at 3580 in august but loved sallie mae 21 days ago http://www.gurufocus.com/forum/read.php?2,17975 at a much higher price than it is now. Iam neither short or long the stock but until the GREATEST value investor WEB says to proceed than why should us"mere" mortals "try" and estimate its reall value.just my 2cents.peace

streetcapitalist on Mon, 2007-12-17 05:28
Title: SLM

George, what I would do is check and see how the congressional legislation will affect revenues. This is a big deal since JC Flowers invoked the MAC clause as a result.

I think student loans are a strong area-- I toyed with the idea of investing in FMD because of them. But ultimately, I decided to shy away from the credit area and take positions in companies with credit shorts.

i'm in school and have already racked up 30,000 worth of them so I believe in them. They seem much safer than auto loans or sub-prime loans.