All the UBS "valuation" shows is that, in the current market,...

All the UBS "valuation" shows is that, in the current market, noone has any idea how to value this company.

The UBS value is saying that there is a 20% chance that the business will go belly up with no return to shareholders. With the other 80% being values at a mere 2 times earnings.

2 times earnings! I don't know of any industrial company that is projecting growing profits (and profits of over $250 million) and is on a PE of 2!

I'm not saying UBS is wrong, just that they are pulling numbers from the air to try to come up with something.

MJS