valuation??, page-5

good to see mgt getting out there and selling the message. feedback i've had is they are coming up against the "it sounds too good to be true" syndrome.

MSR is a spin off of PRU who hold 28% and whose CEO, Mark Calderwell, sits on the MSR board. PRU has built a solid reputation for being conservative in its estimates and meeting its timelines. It is difficult to envisage them tarnishing that reputation by allowing MSR to put out unrealistic projections.

Anyway that's my comfort blanket.

Nothing i say is to be construed as investment advice. DYOR.