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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1563)11/11/1997 8:42:00 PM
From: Rational  Read Replies (1) | Respond to of 2544
 
Zeev: I noticed my mistake about the book value and I left it so as to give you a chance to catch me and get excited <GG>. I do not think $100 mil write-off is too much because they have a lot of bad loans and the over-collateralization for their trusts must be upped soon for CTYS to exist.

Sankar



To: Zeev Hed who wrote (1563)11/12/1997 1:08:00 PM
From: John Liu  Read Replies (1) | Respond to of 2544
 
To All: Just wondering what is CTYS's underlining weakness. Is it bad loans, litigation, etc....... or a combination of all of them. Don't know about litigation claims but it is surprising that they would have loan trouble since it seems their two biggest market are doing great right now(U.S. and U.K.) at least in terms of prosperity. Just want is their underlining problem?

Thanks,
John


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