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Message from discussion I bet it will survive
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Marc_Hav  
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 More options Aug 7 2008, 10:47 am
From: Marc_Hav <Marc.Haverm...@gmail.com>
Date: Thu, 7 Aug 2008 07:47:42 -0700 (PDT)
Local: Thurs, Aug 7 2008 10:47 am
Subject: Re: I bet it will survive
I just doubled down... wish me luck... or this is a $25k gamble that
went bad.
JTG.MobilePh...@gmail.com wrote:
> With a book Value per Share of over $10 this is a no brainer to buy.
> I wouldn't put too much of your portfolio into it...I've put 3% of my
> cash into it...and I'm in for the long haul...

> They've put their expansion projects on hold...

> I'd be more afraid of the recent bounce of wamu...they swallowed up
> Providian and all that unsecured credit card debt...

> SSBX has enough cash to survive, just not grow...Guess we'll know in
> six months for sure though...

> As far as new business, they're still originating millions in loans
> and you know those new loans won't be Alt-A or subprime...which FYI,
> they did not deal with subprime loans to begin with...


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