I can't understand the reason why people are so gloomy about VPG
They only have $35m to refinance in 09 ..which should not be any problem keeping in view that they will be saving $48m by cancelling the dividend for Feb09.
Credit markets should bottom out soon in early 09 with gradual recovery in late 09 which should be followed by recovery in property prices.
I think VPG is in a much much better position as compared to the other debt ridden stocks like CNP, BBP , BBI & BNB, AFG and etc etc.
My opinion :- VPG to rise once the next update is out.
why gloom & doom
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