First Marblehead

Is First Marblehead (FMD) a screaming buy?
Tom Brown, of BankStock.com, is one of my favorite banking analysts. He’s been a super bull on shares of First Marblehead for a long time. The company is a servicer of student loans. In June, the stock plunged after one of its clients, Collegiate Funding Services (CFSI), said it was going to offer its own private student-loans product.
Shares of FMD are being hit again today as JPMorgan Chase (JPM) said it’s going to buy out Collegiate Funding. What does Brown have to say? “In all, this deal makes me more positive than ever on First Marblehead.” You can read the rest of his commentary here.

Posted by on December 15th, 2005 at 2:25 pm


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