RDN
Bridge Street Journal, Vol. 3.14: Which Financials Will Profit?
In response to yesterday's Bridge Street Journal about various financial companies taking big hits due to not heeding the investing advice found in the scriptures, George asked which financials appropriately prepared for the current lending problems. He noted that it appears that Goldman Sac
- Bridge Street's blog
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Harper's Value Blog: Radian
(via harperasset.blogspot.com)
Excerpt: "At present they are selling at a 12% discount to book/tangible book and less than 7x trailing earnings. Radian has a conservative balance sheet and generates huge free cash flow. They have a history of aggressively buying back stock, which hopefully will continue with shares at current levels."
How to Profit From Real Estate's Subprime Woes
(via biz.yahoo.com)
Morningstar is looking for opportunites in the fear surrounding the non-prime lending industry and other real-estate based companies.
I don't see any particular value quite yet, but I'd be suprised if we don't see some fear induced mispricing in the coming months.
