RE:DhxProbably some kind of net asset valuation:
Cash: 48M
Bank Indebtedness: 15M
Long Term Debt: 746M
Net Debt: 713M
Proceeds from 50% sale of Peanuts assets: 237M
Net Debt: 476
Now sell the remaining 50% for 237M
Net Debt: 239M
EV is 239M + 362M = 601M
Could you sell off the rest of the business for more than 600M?
If these guys could get their costs under control, they could pay off some debt. It amazes me they can't make a profit... I don't get it either...