"They are non-core business assets so it appears reasonable for EZL to treat them in the manner in which they appear to be doing for the purposes of calculation of Enterprise Value. This does not rely on some niche definition as you suggest."
Nothing "niche" at all about it.
Professional investment managers define EV as Market Cap + Net Cash at Hand.
Accordingly the rest of your post is a word salad.
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EZL Price at posting:
85.5¢ Sentiment: None Disclosure: Held
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