the 2008 div was 9c, based on 2.8 bill of assets working.
Most earnings numbers will have writedowns, on assset depreciations.
These broker forcasts, estimate based on continued writedowns, and infact, assume bugger all divs, as most divs of discounted reits are retained for reducing debts, and debt ratios on convenant triggers.
But, what we are considering, is that if MDT can sell off 1.9 bill of asset, to cover the entire debt.
New vehicle, that these brokers have no estimates for. And that is becasue it is conjecture until it occurs.
But on that poe, my pov, says 1/3 asset, 1/3 2008 div = 3cps.
If they do restructure, they may come out smelling pretty rosey.
MDT Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held
