Why would you do that. DO both - CNP through 50 cents
and If we look at AFG it is currently trading on a historic PER of 1.4x and a forecast PER of 2.3x. This is based on consensus (Adjusted) EPS estimates of 40 cents a share.
If we assume the company is savable and lets say EPS drops by 30-40% due to sale of businesses (ignoring benefit of lost funding costs) then EPS falls to _30 cents a share. So at 95 cents we are trading at just over 3x PER.
Lets say confidence returns that they survive. A PER of say 8x probably achievable although it will probably spike at 10x before drifting back.
On this basis I can see a price of $2.40-$3.00 once the funding agreements are signed.
Given they are allowed to pay AFGHA note interest I am assuming the banks are comfortable with their positions at the moment.
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Last
$1.40 |
Change
-0.030(2.11%) |
Mkt cap ! $377.7M |
Open | High | Low | Value | Volume |
$1.42 | $1.42 | $1.40 | $125.6K | 89.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14463 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.41 | 2968 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1437 | 1.400 |
3 | 14463 | 1.395 |
2 | 1998 | 1.390 |
1 | 988 | 1.385 |
4 | 4184 | 1.380 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 1000 | 2 |
1.405 | 999 | 1 |
1.410 | 942 | 1 |
1.415 | 988 | 1 |
1.420 | 6340 | 3 |
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