will this money be repaid, page-2

Been looking at HAL Data Services, where most of WAB's money is now invested.

HAL Data Services's business is the leasing of used computer equipment.

So when you chuck out that 3 year old PC, HAL will find some sucker to lend it to. Sounds like a GREAT business to be betting on in a recession.

So, not content with betting the investors money and losing it, on "mispriced" Allco and Babcock satellites, the financial genius Richard Wallace, has lent the rest of it to HAL.

Charming.

The independent directors of WAB are Kenneth Barry and Alan Liddle. These guys must be a bit nervous right now .