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Non-Tech : Cityscape Financial (CTYS)
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To: Bruce A. Thompson who wrote (1624)11/14/1997 3:11:00 PM
From: Zeev Hed  Read Replies (1) of 2544
 
Bruce, you are right, but do not forget that they ahv already booked the profits from the portofolio (that is why they had profits but negative cash flow), and if they sell it, they will have to write down the stream of profits they expected, and thus hit earnings and book, while improving liquidity.

Zeev
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