RE:RE:Adjusted enterprise value = ExelonThere is no point in Knight going private. The company will have opportunities to grow and may wish to access capital markets (debt or equity).
Knight clearly needs to improve the return profile of its Latam business and if it can demonstrate that there is a path to doing this then the valuation will finally get out of the ditch and back on the road.
I read an interesting article today and the quote said "there are four types of economies: developed, developing, Japan, and Argentina". Let's hope Argentina finally stops screwing around and pegs its currency to the US dollar.
I am hanging around here for the long run but this has not developed from an operating margin perspective as much as I had hoped. I suppose the secret to life is lower expectations so I have lowered mine accordingly for the time being.
LR