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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (207618)	6/19/2009 8:38:44 PM
From: Perspective	Read Replies (2) \| Respond to of 306849

That one appears to be privately held. No borrow on the pink sheet listed one. But COOP is available. The ones that are going into receivership are pretty easy to identify; the problem is that there are hundreds of banks that fit the profile. I just haven't been too excited about it lately, since it seemed like Shelia was taking an extended holiday. Perhaps if they get back on the job again, I'll have to start rebuilding positions against those. If the rate of closure averages 1-2/month, it just isn't worth the effort. If we can get back above 4 closures/month, then I get a little more interested in laying out the effort. They're almost all so thinly traded. You can get a borrow one day and then have it taken back a couple weeks later. And in an illiquid equity, it doesn't take too many to really lose a bunch. When they hit, though, the returns are sweet. BC

To: RockyBalboa who wrote (207618)	6/19/2009 9:00:33 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

ASCA - How in the world do companies like this get to borrow huge sums of money at 5% ?!? From page 51 of yahoo.brand.edgar-online.com Interest Expense The following table summarizes information related to interest on our long-term debt: Years ended December 31, 2008 2007 (Dollars in Thousands) Interest cost $ 90,730 $ 77,621 Less: Capitalized interest (14,091 ) (19,879 ) Interest expense, net $ 76,639 $ 57,742 Cash paid for interest, net of amounts capitalized $ 66,618 $ 52,313 Weighted-average total debt balance outstanding $ 1,637,795 $ 1,107,234 Weighted-average interest rate 5.4 % 6.9 % `BC