from todays melbourne herald sun, page-38

Couldn't agree more.

It's difficult being a holder in these situations. Better to be prepared in case of the worst but you just never know. You could break even and you could make a profit (not necessarily a huge profit but one nonetheless).

Obviously their debt is not quite so imminent ($250 mil due May) but AFG has gone up 35% today. It's not beyond the realms of possibility, with some positive news, that it may actually go up on open if the right deal is struck.