Scruggs, per your request!!!For all those posters as well as analysts that continue to raise an alarm that Concordia’s debt is unmanageable, and may cause default or bankruptcy, have a look at the chart below. Nothing could be further from the truth. Comparing CXR to a homeowner and using proportionate numbers gives you a clear picture that every homeowner can understand. No bank would ever consider you a risk under these circumstances and your financial position would be very admirable.
In fact CXR would have a lower risk than a homeowner, simply because the revenue is more diversified and more stable than the income of a homeowner. No job loss to worry about.
If you can manage a $350,000 mortgage on a $100,000 salary and save $36,000 annually, then Concordia can easily manage the same. Oh, and don’t forget to factor in a 7-9% annual raise!
HOME CORPORATION
| Purchase Price all Assets | $508,900 | $5,089,000,000 |
| Down Payment | $158,900 | $1,589,000,000 |
| Outstanding Mortgage/ Loans | $350,000 | $3,500,000,000 |
| Annual Income / Revenue | $100,000 | $1,000,000,000 |
| Annual Expenses Including Mortgage / Loan | $64,000 | $640,000,000 |
| Annual Free Cash | $36,000 | $360,000,000 |
| Savings | $15,500 | $155,000,00 |
| Unused Line of Credit | $20,000 | $200,000,00 |
Disclosure, I fully expect a one star from all my basher friends! Lol