RE: seems like a NO brainer @ 1.50
Hi guys,
Anyone have a sense what the buyback offer will be?
Assuming the rest if the company is valued at about $1.5 that's over $5/sh.
Granted the valuation will increase over time as the other projects mature, but we are talking
todays discounted values.
Also of the 56M o/s shares about 11M are insiders and can't be sold in the buyback.
About 20M are held by institutions. I don't expect many sales here.
The balance is retail, about 20M.
Also I didn't see the valuation of the deprection sale in the value of Winstar. Did I miss it?
Anyway since sale of this depreciation will pay for the buyback, and it is about 60-80M, how high can the offer go?
Is a $4 offer plausible; ie reasonable?
You guys are pretty sharp. Your opinions are appreciated.
Have a great weekend