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Nice balance sheet. What's with the beat down? I didn't even track or know anything about this stock.

Thanks for letting us know about these since they have yet to begin their run.

I honestly don't know how anyone can stand watching nor listening to CNBC. It's so incredibly annoying between the sound effects, graphics and absolutely idiotic commentary... Watch Bloomberg for 1 minute, and you'll never look back.

They discussed it in that committee meeting in Congress, and the best proposal was to increase the limit from 23k to 31k. Sallie Mae would have to be expanded at a time when the money isn't there to add too much regulatory B.S. and employees. They mentioned it in that article I linked...

Students can only borrow a maximum of 23k from the Federal Government through Sallie Mae for their entire college tuition costs. Hence the need for private lenders such as BankofAmerica or FMD. Congress is either going to have to back the debt for private lenders, or many students will not...

Crude oil consumption has only grown at 3% per year. That's a little tidbit oil bulls love ignoring. In the interim, crude oil has risen from $11 per barrel in 1998, and $55 per barrel in 2001. So, crude oil has risen on an aggregate basis of 100% per year for the last 10 years ($11 to...

The fix is in. Student loan demand far outweighs supply, and pressure will build by next month. Congress is going to take the path of least resistance and either insure the loans, or allow them to be pledged as assets with their backing (same effect)...

Nice find again, scriab. But unless I'm mistaken, that only indicates that any reduction in servicing fees on previously sold notes that FMD only services, or interest rates on currently held notes (of which, I'm not sure FMD has many, on a relative basis), may drift lower. In other words...

Thank you for the common sense. This is an irrational selloff in FMD, period. The company is trading on a per share basis below the amount of cash it is carrying on its books. The company is soon getting even more cash from Goldman Sachs. The company has additional receivables of over 700...

Whatever. Companies that have tons of cash and no debt don't file bankruptcy. Congressional hearings on the student loan crisis begin tomorrow. TERIs bankruptcy is what forced the hearings. FMD wasn't TERIs only client. There will be a federally backed solution to the student loan...

Here we go. Big Papa Congress about to solve all the student-lending market's ills. Hearings this week. Great chance for reps to get their faces on the nightly news assuring their constituents that all is fine. Fly high, high flier.

lol.

Remember that the maximum amount the feds will loan is 23k for all 4 years. That's why the 2nd tier lenders are needed. I think average tuition w/out living cost is about 20k per year.

I'm thinking FMD is more like a five or ten bagger. The only issue is TERI, which the government will resolve. FMD is a profit mill without any exposure to the underlying debt. I love it.

After reading this thread, I had a vision that FMD is just chilling, knowing that the feds will step into the fray and become the insurer of last resort if no one else does. FMD publicly state "oh, gee, things are so bad. We hope someone helps these stressed out students and their families." In...

Okay, I see that 358m in loans held for sale, but did they sell them, or void them because of TERI issues? I mean, they showed up as of December 31, 2007, but are they still on their books? I was told by FMD they hold no loans period. Maybe those were in queue, but couldn't be processed. This...

Okay. Give me time to try to go through the above more thoroughly, but you outlined the model as I understand it more fully and efficiently than I could at this moment. But how did you conclude what you did in 7), because I am under the impression that the 350 million is cash they received...

Right, but I thought they only took an impairment charge due to loans that were in the processing stage, but could not be completed because of TERIs liquidity issues. In other words, I didn't think FMD holds any student loans on their own books, and that their expenses for the time being are...

Great find. Okay, so if I'm reading and interpreting correctly, 83.7% of the most recent batch of loans were cosigned (or is it co-signed?). Is this a parent or parents co-signing with the student? Or is this cosigned as in securitized as in sold in secondary markets? 99% of loans are...

That's the first press error that sent the stock into freefall. Instead of saying "TERI filed for bankruptcy," Reuters or AP reported that First Marblehead did. They later corrected the story. The second errant story that ran across many headlines was that the risk of default on the...