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Non-Tech : Cityscape Financial (CTYS)
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To: Shane Stump who wrote (1398)10/26/1997 8:08:00 PM
From: Robert T. Quasius  Read Replies (1) of 2544
 
I don't see Chapter 11 for CTYS. What I do see is some rocky times ahead with write-downs on interest rate strips (because of the pre-payment situation in the UK), and increased focus on foreclosures, etc. in the near future. In a quarter or two, CTYS will emerge as a much stronger company.

Short term, I plan to stay long (after all, the stock is too cheap to sell), and possibly add to my position when the stock seems poised to turn around.

Just my two cents.
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