PARADISE ISLAND, Bahamas - The Metris Companies was the one name just about every analyst and trader remained bearish on during the ABS researcher and trader roundtable discussions at last week's Information Management Network's ABS East gathering.

Lehman Brothers analyst David Heike cited the restricted growth potential for the portfolio, thin excess spread of the trust and the omnipresence of the Federal Deposit Insurance Corp. when posed with the question of what issuer would be the next to blow up. Deutsche Bank's Karen Weaver said, "Metris is at a critical time in terms of losses."

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