Epstein Secrets

150% S 16.4 3 18.7 -12% 5 216 -24% Feb-08 Falcon 2000EX Dassault 6% 11 12 -8% 3 267% 525.6 333.8 -24% 5 355 -28% Mar-09 Legacy 600 Embraer 13% 20 20 0% 2 900% 19.3 3 20.0 -4% 5 245 -21% Dec-07 Medium Large Challenger 300 embattle( 8% 22 22 0% 7 214% 18.1 3 24.8 -27%

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concerns over the shape of the recovery at Cessna, given significant oversupply, fractional weakness, and increased competition at the low-mid end (Embraer). Of the suppliers. Buy rated COL is our preferred play on business jets. Global Equity Research Americas Aerospace Sector Comment 24 March 2010

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through September 8, 2006 the percentage band criteria used in the rating system was 10%. Additional Prices: Bombardier Inc., C$4.72 (01 Feb 2012); Embraer, US$28.64 (01 Feb 2012); Source: UBS. All prices as of local market close. UBS 12 EFTA_R1_00225659 EFTA01840660 UBS Business Jet Survey 2 Febni

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