An amended SEC filing

First Marblehead posted their FY3Q earnings, and they were not pretty, as I expected.  There are a few reasons to be optimistic at these prices, however, and I've outlined them below.

Because my mother isn’t here tonight, I’ll even confess to you that I have been an arbitrageur
-Warren Buffett

I've posted a couple of current merger arbitrage situations for investors to look at, at the moment. These could be a good place to park some cash, especially if you feel the risk/reward ratio is attractive.

Is First Marblehead at 9 times earnings a buy? I think so!

Following the great hedge funds such as Baupost, Greenlight, Tiger, and Okumus has led to high historical returns. A tracking portfolio of the top funds is up over 11% YTD.