Wednesday, February 28, 2007

Do You Feel the Undertow????3/3


The drain is swirling, and that's where Essent seems headed. New AHD figures are out, and Paris went from a net of $1.6M to $288,275. The gross was more, but I guess efficiency isn't their forte.

"But", you might say, "didn't we have $14.4M more that we didn't spend on RRVR???" Unless, gasp, Hud was a Liar??????? No, say it isn't so........

One might think that Hud might be juggling as fast as he can. If revenue is down, how is he keeping investors happy? Well, they aren't happy, but somewhat pacified by being told that the updates, building program, and personnel changes are to blame for the shortfall. Damn, wonder if he used that excuse for Crossroads????

So much for his 10-15% ROI......

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