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.
I hope so, or maybe they don't have a choice. This is why you don't see lots of foreclosure homes flood the market yet because they are holding it off .. otherwise they have to write down. Banks can't afford to do this as you all know .. otherwise the reserve assets will fall under the min allowance.
Again, it could be that they have no choice.
That's another good question to ask how much of the short-term debts converted to the long term. And what is the current CURRENT RATIO.
You also probalby see Cash position? $1329. That doesn't leave room for much cushion for anything.
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