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Enterprising Investor

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Re: DennyCrane550 post# 2664

Tuesday, 11/18/2014 5:09:21 PM

Tuesday, November 18, 2014 5:09:21 PM

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Those NOLs should last a long time.

Predecessor engaged in subprime residential and commercial real estate lending. Losses begin in 2006 ($202 million net loss). The big hit was the $1 billion net loss in 2007.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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