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To: Daus

“WEA Trust is sitting on $400 million in cash.” Could you educate us a bit about this?


83 posted on 08/15/2011 1:15:40 PM PDT by arrogantsob (Why do They hate her so much?)
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To: arrogantsob
Could you educate us a bit about this?

2010 Annual Report

They've finally just now posted the 2010 report. The area to look at is Trust equity (assets in excess of obligations) = $318,453,000. I was a little high. :) Though they used to be averaging a net income of around $40 million/year, that's changed pretty dramatically as of late.
89 posted on 08/15/2011 1:38:44 PM PDT by Daus
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