The value in Atlas is that is has tax losses because it has a terrible core business, and it has the right - that it may have already lost - to build a port that it can never afford.
So in short a standalone Atlas is either dead or close to it.
It only has more substantial value if it is taken over.
The idea that another management team can turn around a high cost business for an product that appears to be in structural decline is far-fetched.
Brutal as it may be, Atlas is worth much more dead than alive.
AGO Price at posting:
3.6¢ Sentiment: Hold Disclosure: Not Held
