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"Given the loan volumes in 2012, I don't see how this is possible."

Virtually impossible to achieve break even this yr. but I think his forecast was based on the perception that break-even was inevitable & imminent (feel free to define that). That is definitely possible within 6 months but only if there is demonstration that FMD's 'game changing' moves last year are actually changing the game. I've always thought your projections for break even were a bit conservative but so far they are on the money. Meyers made acquisitions that are supposed to increase the ramping up & if that is manifest in the earnings the market may look out 12 months & move the share price up with buying.

That's too many 'if's' for me to buy into a $1.50/share forecast by mid-2013 but I've given up on figuring their short-term fortunes for 3 yrs.
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