You Lucky Bastards: FMD

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 crisis within two weeks, and probably sooner.

Watch and learn.
 
I sure hope you are correct...because this thing is acting like it wants to go bankrupt....I now have 3100 at 4.53.....peace and good luck
 
Quote from Sniemiec:

I know one of the board of directors for FMD...(Extended family).

Interesting story developing...
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get him/her on the phone asap....and report your findings to us...:D
 
Why are you "f$%ked"? If the company does not file chapter 11, then it should eventually recover. I don't see where they have extreme debt like some of these banks or brokers like BSC. Obviously I am not day trading it, I went long and bought another 500 shares today on weakness.

If the stock goes to $ 1/sh, I will be buying more again assuming no b/k. If we get a b/k, then I will sell at a loss but I did not put all my money into this one stock.



Quote from pumpanddumper:

How about they tender the shares for $10?:D

Okay, maybe I'm just fucked on this.
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Quote from oraclewizard77:

Why are you "f$%ked"? If the company does not file chapter 11, then it should eventually recover. I don't see where they have extreme debt like some of these banks or brokers like BSC. Obviously I am not day trading it, I went long and bought another 500 shares today on weakness.

If the stock goes to $ 1/sh, I will be buying more again assuming no b/k. If we get a b/k, then I will sell at a loss but I did not put all my money into this one stock.
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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 million from loans it already processed (so, about $1.2 to $1.3 billion in cash).

All these rumors about this, rumors about that, and panicked investors.

The balance sheet and loan tier arrangement FMD has speaks for itself. Cash rich companies receiving continuous income, with no debt, do not file for bankruptcy.

Seriously, does anyone here think that Congress won't step in as an insurer of last resort to replace TERI if another replacement can't be found? This is a public policy issue.
 
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