An ARS update would be nice.....

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An ARS update would be nice.....

posted on Jul 16, 2008 11:48AM

I would like for Mr. Goerner to include an update on our ARS situation in the next letter. I've spoken with a few investment bankers as of late and some of their clients have received less than flattering news on their ARS holdings. One of them sold their position for $.70 on the dollar. They needed cash for ongoing projects so, their situation may be different but the basic concern remains the same. Will we see our cash back within the year? Everyone I'm talking with says there's no way PTSC can possibly know for sure. The student loan ARS's are still a mess and more companies are being forced to rate down their holdings.