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the EIU, and Standard & Poor's Industry Surveys. CONFIDENTIAL I WTAS LLC 17 EFTA00307412 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie so, 2011 HOUSING MARKET Since 2008, the subprime debt crisis has placed downward pressure on economic growth as significant losses from subprime l
ow haulm, (lottOponsor us to, Dem 1.1( re im of Au/o coma«. %lank, • /Non n eel I: (*came.« 44114m)o tanrnoassen < moues)/ incislunlost Desoto. Ninths at A01 o <mine». Menk4 of Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of
the EIU, and Standard & Poor's Industry Surveys. CONFIDENTIAL I WTAS LLC 17 EFTA00307311 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie so, 2011 HOUSING MARKET Since 2008, the subprime debt crisis has placed downward pressure on economic growth as significant losses from subprime l
ow haulm, (lottOponsor us to, Dem 1.1( re im of Au/o coma«. %lank, • /Non n eel I: (*came.« 44114m)o tanrnoassen < moues)/ incislunlost Desoto. Ninths at A01 o <mine». Menk4 of Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of
the EIU, and Standard & Poor's Industry Surveys. CONFIDENTIAL I WTAS LLC 17 EFTA00307210 WTAS ALIPHCOM - COMMON EQUITY VALUATION REPORT As of Julie so, 2011 HOUSING MARKET Since 2008, the subprime debt crisis has placed downward pressure on economic growth as significant losses from subprime l
ow haulm, (lottOponsor us to, Dem 1.1( re im of Au/o coma«. %lank, • /Non n eel I: (*came.« 44114m)o tanrnoassen < moues)/ incislunlost Desoto. Ninths at A01 o <mine». Menk4 of Nanning economy s : . Ni;gh, al Asa.. < • tuna). Meat, .1S.mnituy Cum:meant 'ht.,: nfialaticati< am~ Donut 81.1144 of
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