RE: ValuationI suspect the company will have a fairness opinion (valuation) of the company's assets as part of the buyback.
Normally it is an independent third party that does the valuation. I'm sure this will be done soon ie) in Q1 as per the last news release.
In the meantime we know there was previously a $270 million offer for Windstar 2 years ago, the tax free cash grant is worth $70 million and the bonus depreciation worth $100 million.
Fair to say we are worth more than $3.00 per share.