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Fremont Liquidation Analysis

Fremont has three primary problems: 1.) Lack of liquidity at holding company. The bank, as of Dec 31, 2007, has ~$21M in cash. This is a major problem; SG&A are running at $36M a quarter. Although cash inflows from assets should help mitigate the impact; the net result is a bank that is brinking on being [...]

This entry was posted on Friday, February 29th, 2008 at 10:19 pm and is filed under Dollar Investment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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