FMD - First Marblehead Corp.- NYSE- Credit Services - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**BadThad** · #1 12-06-2007, 09:18 AM

FMD lost over 20% of it's value yesterday, some think it was an overreaction. I might try this play today because the company is solid, just that earnings will be off a little and there's some analyst downgrades.

FMD on Google Finance

Chart

Yesterday's Close Price: $19.93
High: $57.56 08JAN2007

AS OF TODAY:

TheStreet.com: BUY
Ford: BUY
Jaywalk: BUY

**BadThad** · #2 12-06-2007, 09:25 AM

Here's a nice summary of the years events for FMD:

http://stocks.us.reuters.com/stocks/...20070912131400

**BadThad** · #3 12-06-2007, 10:35 AM

I'm in....taking a chance on this bottom...sometimes you just gotta! My buy price: $20.78

**BadThad** · #4 12-06-2007, 10:37 AM

Interesting:

Quote:

The First Marblehead Corporation (NYSE: FMD) enjoyed record volumes in its fiscal first quarter, which led to a strong report on Oct 25. The student lender announced earnings per share of $1.80, compared to $1.49 a year earlier, and total revenue of $380 million, versus $303 million. EPS beat the consensus by almost 2.3% while revenue growth amounted to 25%. This Zacks #1 Rank watched earnings estimates for the year ending June 2008 rise by 4.5% over the past month. First Marblehead appears to be an attractively-priced stock with room to grow, as evidenced by its PEG Ratio of 0.15 - well within this screen's parameter of less than or equal to 0.55.

**BadThad** · #5 12-06-2007, 11:50 AM

Crap....bottom not here yet! Had to bail for a small loss, not worth the risk to hold. Sure hope I can make it up soon!

Buku · #6 12-06-2007, 12:06 PM

Looks like it might have hit and be on the way back up a little?

**BadThad** · #7 12-06-2007, 12:28 PM

Quote:

Originally Posted by Buku

Looks like it might have hit and be on the way back up a little?

Looking like it just might be at bottom. I'm going to reenter soon, I only lost $200 bucks and I plan on making that up and then some. LOL

Buku · #8 12-06-2007, 12:47 PM

I am watching it. I am thinking of entering also.

Buku · #9 12-06-2007, 01:20 PM

Geez, glad I didnt get in yet!!

**BadThad** · #10 12-06-2007, 02:04 PM

LOL...that's the market...I reeentered at $17.25. Gotta get back on the train at some point. This is a great company, I still think the market is WAY over-reacting. Found this interesting:

Quote:

Second Curve Capital LLC, the investment firm run by Thomas Brown presented First Marblehead (NYSE: FMD) at the Value Investing Congress last week as one of his best ideas for 08. First Marblehead is one of Thomas Brown's Second Curve largest holdings.

Brown was the last speaker at the Value Investing Congress and gave a 30 minute presentation as to why he likes FMD. First Marblehead securitizes student loans for banks including JPMorgan Chase & Co and Bank of America. Brown said there is a significant margin of safety with FMD. He also said First Marblehead is a 20% grower, has a PE of 6, P/E/G of 0.2 and should be a three bagger in two years.

Since the Value Investing Congress, First Marblehead has fallen over 25%.

Second Curve Capital has lost 50% of its value this year. Brown expects a rebound in financial stocks next year.

Brown's other top pick is CompuCredit (Nasdaq: CCRT), which provides credit and other related financial services.