ValuationWND is projecting 24 cents/share of free cash flow for 2012.
Most of WND's peers are dividend-payers, so WND can be valued as such.
At a POR of 50% and a dividend rate of 6%, which are comparable to other power producers, WND would trade at a share price of $2.01
So AQN's offer of $2.50 is more than fair.
The liars and frauds can say anything they like, but hard cold facts tell the truth.