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

To: Spekulatius who wrote (45767)	12/4/2011 12:12:20 PM
From: Jurgis Bekepuris	1 Recommendation Read Replies (1) \| Respond to of 78673

I am not sure how much you can rely on these pre-spinoff numbers, but assuming you do, the $2.1B net deficit is a big burden. Without it, E/EV is ~15% (350M annualized / (1.7B market cap + .7B debt) ). With it, you are down to 8% (350M annualized / (1.7B market cap + .7B debt + 2.1B) ), which is much less attractive. Obviously, you can quibble about these numbers and how much they are real, but they give some kind of estimate...