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SLM Corporation Message Board

  • mikebowers22 mikebowers22 Jul 19, 2012 6:55 PM Flag

    I liked the quarter and got in

    today's selloff felt very unwarranted and a market misread. When the CEO of a company calls his stock, a "screamin buy", I believe him. When he backs it up with stock buyback, I really believe him. Based on their secure guidance of $2.15 EPS, this feels like a $18.75-19.10 stock to me with a 3% yield. I liked what they had to say and their execution....good buy at this price and after selloff.

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    • I personally thought this small earnings miss was somewhat irrelevant when compared with Q2 2011 and the other data that seemed very positive for SLM's future (Especially the 2012 EPS increase from $2.00 to $2.15). However, so many people dumped this stock today that I think it triggered a lot of people's stop's. An 80 cent drop in price in one day tends to do that. Hopefully this thing will settle down quickly. I think this stock just went on sale and will probabley bounce back to where it was yesterday within a week. Maybe less given SLM is held by so many institutions. I guess i'll have to wait and see if this is really what will happen since "the market is always right".

7.97-0.05(-0.62%)Sep 3 3:59 PMEDT