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To: Perspective who wrote (231245)3/26/2003 10:33:10 AM
From: reaper  Read Replies (1) | Respond to of 436258
 
the Barfing guys are just morons, and need a copy editor with a 3rd-grade education as well as a home economics class.

what they meant to say was at best the portfolio was worth a 5% PREMIUM to the receivables; if it was only worth 5% OF receivables that would give it an ex-debt value of negative $25 billion and as bad as i think the portfolio is it ain't THAT bad.

Cheers



To: Perspective who wrote (231245)3/26/2003 11:06:12 AM
From: yard_man  Respond to of 436258
 
>>Also thinks Sears may seriously hurt sales in the future if it cannot offer credit to many of its customers<<

probably not -- everyone falling all over themselves to serve the underfunded at this pt. BWDIK.


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