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luvtradin1

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luvtradin1

Re: None

Monday, 08/20/2007 8:58:19 AM

Monday, August 20, 2007 8:58:19 AM

Post# of 72
more about the LUM white knight buyer, I guess KKR is not the only one to recognize the huge opportunities presented by the mortgage market chaos, good read on the buyer:

Arco is a Gramercy Advisors shell is beneficially owned in part by the principals of Gramercy Advisors LLC and its affiliates, a leading U.S. based asset manager in emerging market investments with US$3.8 billion face value of assets and nearly US$2 billion in equity capital under management as of March 31, 2007

http://www.prnewswire.co.uk/cgi/news/release?id=196353


As a result of their first-hand experience realizing value from distressed emerging market investments through debt restructurings at Merrill Lynch, Deutsche Bank and Lehman Brothers, the managing partners were confident they could generate superior absolute returns.

http://www.gramercy.com/AboutUs/AboutTheFirm.asp

LT

Making money from the mortgage meltdown, want to know what's hot? SUBRIME LENDERS BOARD

http://investorshub.advfn.com/boards/board.asp?board_id=10112

My opinions are not investment advice. Form your own conclusions, do not rely on mine.

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