SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?

To: John Liu who wrote (1885)12/18/1997 9:34:00 PM
From: Zeev Hed  Respond to of 2544
 
John, why buy the debt with the network? In a bankrupcy situation they can buy the network from the receiver and forget about the debts.

Zeev



To: John Liu who wrote (1885)12/19/1997 9:20:00 AM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 2544
 
John,

IMHO there aren't any real assets to make buying the problems worthwhile. The mortgages are securitized and owned by the investors that bought them. The buildings are probably leased and the 800 dused desks, fax machines etc., just are no reason to buy the company. You are right, however that the 800 employees are a jewel. The demand for their skills will cause someone to startup a new company to absorb them.

Bruce


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News