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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Wednesday, November 15, 2006

Thanks To The Democrats: Sallie Looks Cheap

WASHINGTON, D.C. - Five years ago, we presented Forbes magazine readers with a bullish call on student lender SLM, otherwise known as Sallie Mae. Backing up our bet was analyst Matthew Snowling of Friedman Billings Ramsey, an Arlington, Va., investment bank.

That tip worked out well, as Sallie has had an 84% cumulative total return since October 2001, versus 34% for the S&P 500. After last week’s election, we checked in again with Snowling on Sallie Mae , a stock that gets bounced around on political news.

“We recently dusted off the Sallie Mae story,” he says. “It’s getting interesting.”

Full story at Forbes.com