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finbar99

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finbar99

Re: cowboyluke post# 2381

Thursday, 02/14/2008 6:31:29 AM

Thursday, February 14, 2008 6:31:29 AM

Post# of 2689
my read is the the pension liablities are not included there on the liablity side - basically there is no place for them to be based on the line items presented - so the hurdle to overcome is more like 400mm, with 800 mm of book value (I think without going back to double check) currently fully reserved against and thats already after some writeoffs have been properly taken, and with some of the asset value that is not reserved against like GE SEACO undervalued. Seems like it would be hard for that much to disappear.
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