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To: Sector Investor who wrote (28282)12/18/1997 3:00:00 PM
From: Alok Sinha  Respond to of 61433
 
You guys are quite naive with respect to a what happens with the funds in a buyout of a loan portfolio. The only gravy that can be directly used for anything from the sale proceeds is the premium to book value that AT&T may have gotten. Given the high charge-off rates on credit card portfolios, I would be can't imagine that to be very high. By eliminating the receivables from its books, AT&T does release the capital required to support the risk (of the card receivables, typically between 8 - 12%) for other purposes.

Regards

Alok



To: Sector Investor who wrote (28282)12/18/1997 3:02:00 PM
From: David Lawrence  Read Replies (2) | Respond to of 61433
 
>>David, I don't start or hype rumors.

I was joking, Sector. That's what the <gg> signified. You have to admit that this thread has run somewhat rampant with rumors of late.


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