Anyone else looking at CSE?

[Guest kawikaho]

I'm not sure, but I believe CompuCredit was at one time a Pabrai holding.  I forget.  But it's one of the largest holdings for Klarman's fund.  Anyone else looking at it?  They just posted a big loss from a deteriorating commercial loan portfolio (no big surprise there), but they've also substantially reduced oncoming debt maturities.  I dunno.  It looks interesting, since the price of the equity keeps coming down.  That makes me even more happy.  I was wondering if anyone else had an opinion on it.

 

Thanks

[benhacker]

Do you mean CompuCredit (CCRT) or Capital Source (CSE)?

[CONeal]

I have a small position in CSE. 

 

Here is a good link that describes the company and some estimates on value.  There are 4 parts to the article.

 

http://seekingalpha.com/article/128633-analysis-of-capitalsource-part-i

[brker_guy]

CSE agreed to a merger today.

 

http://finance.yahoo.com/news/pacwest-bancorp-capitalsource-inc-agree-215011206.html