tag:blogger.com,1999:blog-7294165939647321702.post3726475868220553491..comments2024-03-28T13:45:43.362-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Off-Balance Sheet ContingenciesSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7294165939647321702.post-73058491379240777542009-01-07T08:24:00.000-05:002009-01-07T08:24:00.000-05:00It is interesting that the subsidiaries indemnifie...It is interesting that the subsidiaries indemnified CVS if CVS had to pay on the guarantee. Think about it --- CVS only has to pay on the guaranty if the sub cannot pay the lease, which also means that the sub cannot indemnify CVS. The indemnification is smoke and mirrors, making it look like CVS is protected when it really is not. That kind of cheesy footnote is in itself a warning signal.Anonymousnoreply@blogger.com