well, report is about as expected - pleased to see they have paid off about 120 mil debt.
l figure they will be worth about 30 c in a few years at the present rate, assuming 3 % default rate, but l would be hoping they can refinance the loans to something less punitive, as credit is getting easier.
should be slow but steady progress over the next couple of years.
Ann: Market Update 31 December 2010 , page-2
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