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Re: Big_Steve23 post# 357

Saturday, 10/20/2007 12:19:27 PM

Saturday, October 20, 2007 12:19:27 PM

Post# of 1057
That is not what my concern would be for you. As a holding company, what may hold value in one holding can be bled to service the debts of another. My basic advice is to not get blinded by the value of any one aspect of their acquisitions since it may get subsumed into the whole in ways that deplete that value or in ways only a dedicated follower of the filings will be able to compute. I've seen acquisition roll-ups that were brilliant looking in theory, but the acquired debt ended up burying even the better qualities of the companies within that matrix of financial obligations. That is why I responded to the posts about the filings today and why I said Cornell is a bad sign because they are either a lender of last resort or used to fill holes in a leaking ship or used for emergency stop gaps. The only problem is the money derived short term from such deals always bleed you for far more value longer term. Don't ignore such obvious signs of concern. That's all I am saying to you.

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