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Strategies & Market Trends : Disciplined Investing, especially the NAIC way

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To: - with a K who wrote (354)7/15/2002 8:57:35 PM
From: The Philosopher  Read Replies (1) of 469
 
Who/what is VIC?

As to (2) and (3), according to their 10-K the bankers have audited their container fleet and found that the FMV is in excess of 120% of the net book value. Net book value for 12/31/01 was 277 million; they had used 153 million of a $250 million line of credit. As a capital intensive business they are, of course, subject to interest rate fluctuations, but they have done some interest rate hedging against this.
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