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The Company provides laundry convenience to residents of multi-unit housing; such as apartment buildings, condominiums, colleges and university residence halls and hotels and motels.
The 1929-1930 equity rally (coming out of The Great Depression) lasted 147 days and the market was up 46%. It has been the same amount of time since the March, 2009 low and we are up about the same percentage. It’s déjà vu (paramnesia), so prepare for a drop of about the same percentage (85%).
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