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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Jurgis Bekepuris who wrote (30813)5/2/2008 11:17:00 AM
From: Jurgis Bekepuris  Respond to of 78469
 
ASFI: It has about $250M in book value, 560M in long term assets (collectables). Assuming 20% impairment of 110M, we get to 140M book value, which is where it is currently trading. So you could argue that the market is pretty "rational" with available info.

The real questions of course are: what are their cash flows, what is their balance sheet after this Q and whether they can survive without defaulting on bank loans.