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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
449fflyi Yaw( attain, 44w7cul eclat( 111) likkG•VatilIC,~4. pnit190.. HT/ .4eanceiektca.9 4(17(44(045.144494t( »luau( lure solalaan. »No n44.09(ercul i(aftw4t9 4441i(liNCI q,u5qun v aid 4400 (men~li(a... 44114 •11.b) 021.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(0
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
449fflyi Yaw( attain, 44w7cul eclat( 111) likkG•VatilIC,~4. pnit190.. HT/ .4eanceiektca.9 4(17(44(045.144494t( »luau( lure solalaan. »No n44.09(ercul i(aftw4t9 4441i(liNCI q,u5qun v aid 4400 (men~li(a... 44114 •11.b) 021.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(0
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
449fflyi Yaw( attain, 44w7cul eclat( 111) likkG•VatilIC,~4. pnit190.. HT/ .4eanceiektca.9 4(17(44(045.144494t( »luau( lure solalaan. »No n44.09(ercul i(aftw4t9 4441i(liNCI q,u5qun v aid 4400 (men~li(a... 44114 •11.b) 021.101:1% utx14 In Ji4144101(n. »..14tiitlal ei41/Ni. OL314. mid J.iroa ntletrnse 044(0
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