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To: Larry S. who wrote (34250)11/5/2001 10:51:07 AM
From: BWAC  Read Replies (1) | Respond to of 53068
 
Oh yeah, I'm going to short PVN all the way to zero. And never ever have to pay taxes on the vast gains. I just hope they don't get sold by those scam artists they hired to explore a sale, or find out that every customer won't default, and that the 10% plus already charged to bad debt is sufficient. I mean you know. PVN manages/oversees/securitizes $40 Billion in consumer debt. There's no profit there even if you manage to get .001 net after operations out of the interest rate spread per quarter. Whats a mere 40 Million profit a quarter? A 1 trailing PE. Sheesh I laugh at that. Past history. This company can't operate for sheet. Shorted me some more at $2.16 just to let them know I'm serious.

How does that line go? If you owe the bank $10,000 and can't pay then you have a problem. If you owe the bank $10 Billion and can't pay, then the bank has a problem. I'd imagine PVN finds or has found for them a method to survive.