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clock Created with Sketch. 26/01/22
16:37
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Originally posted by scottyb83:
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I'd say the $4.2B or so of cash generated from previous sale of business units (~$3.8/share depending on desired debt level of business) waiting to potentially be returned to shareholders has kept a floor under this. Given previous stated view that BLD also sits on an additional (underappreciated??) property portfolio potentially worth ~ $1B ($1/share) not to mention their actual remaining business units, if shares moved much lower this could present some reasonable value.
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They wont return more than 3 Bn, since that was the shareholder resolution. There is a chance they may return less than the 3.0 Bn, once all capital management considerations are taken into account.
