Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (23518)	11/2/2006 12:32:33 AM
From: Spekulatius	Read Replies (1) of 78744

Anybody checked in the bankrupty plays OC and AWI. both are asbestos related bankrupties and recently emerged. the filings make an interesting read. OC - the way i see it. 134.1M shares are going to be issued. 2B$ in debt. Morgan had a backstop @30$ on 70M shares for 100M$ so they are currently under water. Total EV value 134.128$+2B$=5.75B$. Revenues: 6.3B$, 800M$ EBITDA, 250M$ net income. sec.gov There is a chance that 28M shares will not be issued contingent upon Fair act legislation> i do not know how likely this is, so i put in the mex. amount of shares for valuation purposes. AWI - 56.4M shares. 1.12B$ debt. EV value 56.437$+1.12B$=3.19B$. Revenues 3.6B$, 100M$ net earnings. In both cases, valuation looks fairly rich to me. Have i overlooked something? Post bankrupty stocks are supposed to be cheap !?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next