from bloomberg, page-20

Badfish,

please recognize the difference in Market Value and Fair Value in MAE's case. You freely described the company at market value whereas punters on this stock are looking for fair value.

"Fair Value can be clearly distinguished from Market Value. It requires the assessment of the price that is fair between two specific parties taking into account the respective advantages or disadvantages that each will gain from the transaction. Although Market Value may meet these criteria, this is not necessarily always the case. Fair Value is frequently used when undertaking due diligence in corporate transactions, where particular synergies between the two parties may mean that the price that is fair between them is higher than the price that might be obtainable in the wider market."

AB