LaSalle Re Holdings Ltd. (fka LSRAF)

[temp luvs amy]

Based on the structures they have named, this one looks like the more secure bet; but there is quite a difference in capital outlay for the amount of security. Still, the first fifty million plus comes this way, and 30 million gave the shareholders $10.50. Unless the new capitalization plan just drops from the sky, this one sees complete reimbursement before the tranwreck gets a penny. I actually am betting on the wreck and think the wheels are already in motion to drop it out in the MBO. That is strictly a speculation which I consider an opinion, not fact.