Arohan

Can Leucadia Profit from Capmark's Bankruptcy?

Point well taken.

I did not mean to imply that they intended to flip the business right away. Leucadia and Berkshire are not known for short term trades.

This was meant to be whenever the eventual sale occurs, which knowing Leucadia and Berkshire as patient investors, can be a long time away when the debt may be substantially or completely paid off.

I posited earlier in the article that Berkshire's debt position is not in danger of impairment.

Thanks for pointing this out.


On Oct 26 03:35 PM DHM wrote:

> Ummmm, if the business is worth 1/2 of $1 billion, then the equity
> will be wiped out and the Berkshire debt will be impaired. The equity
> will not a 25% ROI. Duh.