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Author: WilliamLipp Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76095  
Subject: Re: ETS PAYPHONES Date: 8/21/1999 12:36 PM
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Nlmeem Date: 8/21/99 1:34 AM Number: 13313
It is a lease arrangement with a "guaranteed" return of 14%. Since our only income is Social Security (not very much) ...

I know nothing of the company. But my father taught me that "if it sounds too good to be true, it probably is." This sounds like a scam to me. If they could really guarantee 14%, there are lots of ways to finance without going to people subsisting on Social Security. From another point of view, if 14% represents the "market rate" for their financing needs, this is "deep junk" with a large probability of going bankrupt. I'd stay far away from it, and the "financial advisor" that suggested it.
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