Quote from scriabinop23:
I'd almost consider FMD as having no debt as well. While they have a warehouse line, they also have student loan income to offset the cost of that debt (with respect to the 350M they didn't securitize). Not to mention that, FMD has residual income going forward based on past securitizations (200M every 6 months) that I consider substantial.
Both are great buys here.
I'm seriously thinking of loading up on SIGM, too.
I ran a screen and it didn't show up although it meets all my requirements. I don't know why it didn't show.
I'm trying to find every tidbit of info on it tonight that I can. It does seem their fortunes were tied to Motorola, but they have other customers, too.
