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WOW, did you read the Balance Sheet and P&L. What a train wreck. Here's a couple of highlights:
* $260 Million gone in equity * Oh, wait they're still carrying the hotels on the balance sheet at market peak values. They need to figure that their hotels have dropped about 25% in value. Figure that into the Balance and there goes another $750 Million. LET ME THINK WHAT COMES TO MIND: NEGATIVE BOOK VALUE. Rating :
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