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Re: tileman post# 26897

Saturday, 07/25/2009 7:41:29 PM

Saturday, July 25, 2009 7:41:29 PM

Post# of 103341
Yes tileman, I concur. As seabiscuit indicated in some very comprehensive posts, these loans were restructured at a time when the banks were already heavily scrutinizing finance deals and Wells Fargo had already taken control of Wachovia. IMO, these are major banks that are being very careful on who they lend and re-lend to in the current environment. EXPH passed this scrutiny and were able to get financed which is a very good indication of their present and future financial state IMO.

This is NOT a recommendation to buy or sell, it is just my opinion

Capt Joe

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