Allco's holding in AEP is a good example of why mark to market doesn't work.
AEP's share price is so low mainly due to it's association with Allco. The NTA of AEP was $5.50 at September 30 and is probably still over $4.50. A significant chunk of this NTA is CASH. Even in a firesale they would want to get more than the $1.80 it's trading at. $2.50 to $3.00 at a minimum IMO.
Allco's holding in AEP is a good example of why mark to market...
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Last
$1.47 |
Change
0.070(5.02%) |
Mkt cap ! $396.6M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.47 | $1.39 | $968.7K | 674.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 4950 | 1 |
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