[midas]

DC:

Interesting stock, seems to be trading close to book value which would generally indicate a bargain. In any of these one product specialty financial companies you have to see if there is a "special sauce" ie why are they doing it better than everyone else?

Generally, companies like this that have cracked the code in terms of superior loan origination and risk mitigance trade for much higher values and if not would be an ideal takeover target by a large Finco like GECC (General Electric Capital).

You make want to check out CIT - which is currently trading below book and should rebound.