SLM Solutions

First Marblehead Shouldn’t Be Jealous of Sallie
FMD dropped 20% when JPMorgan and BofA moved to buy Sallie Mae. I think the fear is overdone — and at 8-9x earnings, the worst case still looks pretty good to me.

FMD dropped 20% when JPMorgan and BofA moved to buy Sallie Mae. I think the fear is overdone — and at 8-9x earnings, the worst case still looks pretty good to me.