Because the current price is due to the insolvency risk. Just assume someone buys the company which has a market capitalisation of $243 million today (number of shares multiplied by the 24 cents per share). They pay $243 million. Each year the company makes $250 million hard cash. These are cash flows after paying all costs.
If a buyer pays $243 million he gets the cash flows for life. He gets his investment within a year. Note that the cash flows will increase to $500 million as was the case before the GFC once things settle down.
Now we look at the assets and liabilities. The assets are approximately equal to the bank loans (not sure but approx 9 billion). The problem is the banks want their money back. The buyer can pay off the banks and own the assets too. part of the loan needs to be paid. Once this is done banks will be willing to lend/renew loans for remaining debt.
Also the market value of assets which have been written down by $5 billion will eventually come back. Hope this makes sense.
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