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The timeshare business has been a drain on cash flow for three years running: net operating cash flows for the segment totaled -$398 million in 2008, -$155 million in 2007, and -$104 million in 2006. To avoid triggering a debt leverage covenant, management needs to aggressively manage costs and accelerate debt reduction – will backing away from new timeshare deals do the trick?
http://industry.bnet.com/travel/10003824... Rating :
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