Thanks Brookfield for making the blind offer and getting the Market to realize that we are worth considerably more. Brookfield obviously has offered a deeply discounted price, since they are bidding somewhat blind.
They are not as blind as the average shareholder though, and certainly not unable to understand the written word and delusional, like Peter.
Why do I say that?
Because Brookfield not too long ago bought their wind farms in and around Tehachapi. So they know local wind characteristics. They know the regulatory environment. They know the EBITDA they are earning. They know Opex.
And they know that $2.50 per share, even with WND's large and usurious debt, is still very cheap.
I don't know their game plan, but I presume they have one. I am guessing that they may now wait until Management comes up with their best bid, whether $3.50 or $4.50, and Brookfield may then decide to increase their bid to above that level.
Brookfield is playing their own game and they start off with more local information than the other bidders AND a substantial position in WND. I like it that they put the company in play and I hope that they trump the highest bid to give us an even higher price, knowing that the Brookfield group (originally Brascan for those of you who have been in the Markets a long time) will have no trouble coming up with money to pay.