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Edelman Financial Group Inc EF



NDAQ:EF - Post by User

Comment by buddy135on Feb 19, 2009 11:22am
392 Views
Post# 15789616

RE: RE: RE: RE: Stimulus package

RE: RE: RE: RE: Stimulus packageYou know what I'm ok being the only holding this stock. I dug up some old GMP and Scotia research reports to maybe get a feel for the consensus on the value of the Dokie 1 & Dokie Expansion. The big question is can the Dokie & Dokie Expansion assets fetch more than $155 million. This is what I believe the company is currently liable for. I think the answer is yes. Old analyst reports have calculated values of $360 million for the Dokie 1 and about $97 million for Dokie Expansion due to this Project's readiness.  After subtracting out expenses to finish Dokie 1 and current liabilities of $155 I'm left with $90 million cash plus add the $13 million in escrow ... leaves us with $103 million. Just based on cash we have about .90 value left for shareholders. Yes these projects may not fetch the best pricing in the current market and based on the urgency of Earthfirst to sell, so, maybe 60% of this value is retained, still leaves approx .55 shareholder value. Even if a Company sale does not transpire I still think there's shareholder value here as long as EF doesn't get hosed on the sale of the 300 MW Dokie assets.

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