"They may have bidded aggressively to do so.
If that is the case, the distressed sale vaue could easily be 25% below what they paid."
I think that could justify a reduction in book value but ___25%___?
The book value entries almost perfectly match the "independent" valuations. It leads me to think that there could be a reduction in NAV but not by 25%.
what are the risks, page-7
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)