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Non-Tech : Imperial Sugar (IPSU) -- Ignore unavailable to you. Want to Upgrade?


To: Patentlawmeister who wrote (83)1/15/2003 3:19:12 AM
From: Crossy  Respond to of 121
 
re: pro forma shareholders equity total..

Cuda,
exactly - that's the figure you should be looking at. Funny I actually thought that DCB would be on the books with minimum $50m. They were even more conservative with $40m. Now the refining assets will result in addition to book value before tax of around $32-33m...

How much tax ? If we use 40% on the proceeds and factor in the $10m NOLs that still can be utilized then book value after tax should be $16 per share. Maybe CEO Peiser will find a way to reduce the tax burden here..

rgrds
CROSSY