Monthly Archives: June 2011

First Marblehead Sells Portfolio Of TMS Contracts, Says TMS Is Cash Flow Positive Ahead of Projections

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June 30, 2011
First Marblehead Sells Portfolio Of TMS Contracts, Says TMS Is Cash Flow Positive Ahead of Projections

First Marblehead(FMD), which purchased Tuition Management Systems at the beginning of the year for $47.25 million, has sold a portfolio of 377 contracts to FACTS, a subsidiary of Nelnet(NNI).  First Marblehead said it decided to sell the contracts relating to lower cost schools, many faith-based, which accounted for 33% of contracts, but only 18%...
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Sloppy Reporting By MarketWatch on Biglari Holdings(BH)

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June 17, 2011
Sloppy Reporting By MarketWatch on Biglari Holdings(BH)

I hate to pick on the work of an intern, but presumably the value add of a site like MarketWatch is that there is editorial staff. How then did a piece of under 100 words manage to make multiple errors, mislead and add nothing of value? Intern Sara Sjolin clearly began with the premise...
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