market expects a 40% writedown on assets , page-7

  1. 14,217 Posts.
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    the interesting thing is that gpt doesn't have any significant debt refinancing until Oct 2010

    about 18 months

    If the company doesn't have to sell assets then they don't have to sell them at 40% discount

    it seems the regular asset valuations indicate only 15% declines

    wonder if aitken is right?
 
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