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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
0s) As of June 20.2011 Income Approach 2) COSTOF GOODS SOLD Cost of goods sold ("COGS, for fiscal years tÁ11 through 2016 were estimated based on Management's Forecast Management expects to olTer more software applications and services through 2016. which were expected to improve grass margins. Beyond 2016, COCA as a percenta
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
0s) As of June 20.2011 Income Approach 2) COSTOF GOODS SOLD Cost of goods sold ("COGS, for fiscal years tÁ11 through 2016 were estimated based on Management's Forecast Management expects to olTer more software applications and services through 2016. which were expected to improve grass margins. Beyond 2016, COCA as a percenta
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
0s) As of June 20.2011 Income Approach 2) COSTOF GOODS SOLD Cost of goods sold ("COGS, for fiscal years tÁ11 through 2016 were estimated based on Management's Forecast Management expects to olTer more software applications and services through 2016. which were expected to improve grass margins. Beyond 2016, COCA as a percenta
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