cnp buyout: really, page-31

I'll dispute it.

I reckon $US assets are overvalued considering current climate. They will probably have to sell them at a loss even after current write down. considering time frame to sell.

The only hope I think is if we get a 'white night' who wants the whole business. There is definitely value there as it is generating $360M in cash. So what it comes down to is what someone will pay for that - not the assets. I think the assets will simply offset the liabilities (give or take).

ie what would you pay for a money tree generating $360M?
Did this calc before. At 25% ROI, around $1.75. discount this for fund redemptions. $1-$1.50