Ann: PEXA Update, page-18

If PEXA is worth $3.3 billion, the rest of LNK's business is currently valued by the market at $2.35 per share (based on SP of $5.20). Considering that private equity was offering for it only recently $3.80 (and PE typically only get involved in deep value opportunities - they don't bother with investments with an upside of 10% or 20%), I think the stock is currently substantially undervalued. I've just bought some more - GLTAH!