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Strategies & Market Trends : Value Investing
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To: Walter Bagehot who wrote (37331)4/10/2010 1:05:48 PM
From: Dan Meleney   of 78742
 
FREE part of the issue in just discounting total fixed assets is that some were bought at the lower prices. If I take their recent handysize add at 11M, and I make some rough estimates of current value of each ship based on age and tonnage, I only get about 116M, so there goes the equity. I'm passing.
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