seem to be performing well in the environment no mention of sales couldnt understand this KPI in page 12 of presentation any one understand it?
"Significant adjustment to credit reserves �� In 2007, total reserves were approximately 30 basis points of revenue �� Increased to approximately 130 basis points of revenue in 2008 �� Forecasting approximately 175 basis points reserve on revenue in 2009 as the downturn in the US economy deepens"
RNY Price at posting:
5.8¢ Sentiment: ST Buy Disclosure: Held
