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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: timtoinv post# 51783

Wednesday, 12/04/2002 1:37:53 PM

Wednesday, December 04, 2002 1:37:53 PM

Post# of 704041
I don't understand the structure of RGLD, so I will not play with it. Too many different types of deals, valouation extremely high, and I cannot understand how their book has increased so much in the last year (is that revaluation up of deals?). That would require detailed uderstanding of their balance sheet which I am not going to go into.

Zeev

AZH

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