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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: AuBug who wrote (99367)6/29/2003 1:24:14 PM
From: Joan Osland Graffius  Respond to of 132070
 
eumenides,

Thanks for the URL's.

>>Someone with the moniker tanker_broker on Yahoo nailed the $9 for VLCCF before the fact. I wonder what he thinks for NAT?

If you look at the low end price of VLCCF's tankers at $50 million and the debt on the books one comes up with $9 per share.



To: AuBug who wrote (99367)6/29/2003 2:29:40 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 132070
 
eumenides,

I finally found the URL that gives some prices of tankers that have been sold.

brs-paris.com

On the back of an envelope, depending on how you value the tankers one could come up with NAT's liquidation value could be on the low end at $9.


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