Comments on: Speculation Away From Subprime, Part 3 http://alephblog.com/2007/07/30/speculation-away-from-subprime-part-3/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 03:46:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: amccabehttp://alephblog.com/2007/07/30/speculation-away-from-subprime-part-3/comment-page-1/#comment-2441 amccabe Wed, 01 Aug 2007 02:01:56 +0000 http://alephblog.com/2007/07/30/speculation-away-from-subprime-part-3/#comment-2441 I just read the RM CC, congratulations! I just read the RM CC, congratulations!

]]> By: David Merkelhttp://alephblog.com/2007/07/30/speculation-away-from-subprime-part-3/comment-page-1/#comment-2425 David Merkel Tue, 31 Jul 2007 16:16:16 +0000 http://alephblog.com/2007/07/30/speculation-away-from-subprime-part-3/#comment-2425 Kyle, My apologies. I have been snowed under lately. You are right, I have not rebalanced on DFR yet. I am rereading their 10K to make up my mind about it. I like the way they manage their REIT, but the leverage is high. I should have an answer on DFR this week. David Kyle,

My apologies. I have been snowed under lately. You are right, I have not rebalanced on DFR yet. I am rereading their 10K to make up my mind about it. I like the way they manage their REIT, but the leverage is high. I should have an answer on DFR this week.

David

]]> By: KSmithhttp://alephblog.com/2007/07/30/speculation-away-from-subprime-part-3/comment-page-1/#comment-2412 KSmith Tue, 31 Jul 2007 09:15:13 +0000 http://alephblog.com/2007/07/30/speculation-away-from-subprime-part-3/#comment-2412 David I was curious what your current views on Deerfield are -- given the leverage they are using and the types of securities they own how bad do you think their situation has become (see several of your points above)? After taking some profits around 16-17 the price has dropped to 11.50 yet you have not added to the position -- has it somehow not reached the buy point or have you interrupted the discipline out of concern that the liquidity crunch could severely impact them? Given how much you talk about discipline, I find it hard to believe you are ignoring it but I also find it hard to believe the stock has not reached the rebuying point yet. thanks Kyle David

I was curious what your current views on Deerfield are — given the leverage they are using and the types of securities they own how bad do you think their situation has become (see several of your points above)?

After taking some profits around 16-17 the price has dropped to 11.50 yet you have not added to the position — has it somehow not reached the buy point or have you interrupted the discipline out of concern that the liquidity crunch could severely impact them? Given how much you talk about discipline, I find it hard to believe you are ignoring it but I also find it hard to believe the stock has not reached the rebuying point yet.

thanks

Kyle

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