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Take a look at this article about the fate of Horse Head...

  1. Ardley
    176 Posts.
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    20/09/17
    13:28
    Post #: 27341838
    Take a look at this article about the fate of Horse Head Holdings, now American Zinc Recycling (AZR).  Now I know they ended up filling for Chapter 11 bankruptcy but the numbers involved in their operation and assets was pretty impressive.  Interestingly there was an Australian connection in Macquarie Bank financing their revolving line of credit.

    https://www.valuewalk.com/2016/09/mohnish-pabrai-horsehead-holdings/

    So TJ's valuation may be achievable if we stay on the right side of the ledger.
    APG Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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