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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks
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To: George the Greek who wrote (1713)4/4/2000 10:01:00 PM
From: BWAC  Read Replies (3) of 5499
 
George,

I think I am more the CNC dummy here. I know about the writedown. It seems it is to make the loan portfolio look better quality wise to the buyer. I am guessing CNC used a little more agressive estimates, than maybe a conservative buyer would like?

Offhand the numbers being passed around about what the sale of Greentree would generate are MORE than the current valuation of CNC as a whole.

Of course it all could blow up. But we won't go there.
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