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No. of Recommendations: 1
I'm all for buying uncertainty, but only when I feel more certain than the market. Right now, with FMD, I just don't know, so am holding, waiting to see, but not adding.

Ditto. Adding more now is too speculative for me. However, if you don't currently own FMD and have a long time horizon, not would be a good time to bite off a small piece in a diversified portfolio. What's the worst thing that can happen? FMD goes to zero and you lose a few bucks? Or the credit markets turn around and FMD becomes a (the?) dominant player in PSLs? IMO, the situation is not binary as I suggest, but I think the risk-reward at today's price is extremely compelling.
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