RE:Rough numbers.Why would SNC buy shares at $32 when they are trading less than $25? It will be months before SNC gets to $32. $20 is much more likely in the near future. Tomorrow will be an interesting day.
taxman26 wrote: Yes tesla is down 50% too. Anyway, the sale of 10% 407 is equal to all outstanding debt. As it is already valued we know the last 6.7% of 407 is equal to about 2 billion. Other equity positions in other projects are worth maybe 400 million. If they can sell atkins for 3 billion they could buy back 100 million shares at $30. Leaving about a combined $2.5billion in assets with 75 million shares. $2,4billion/75million share= $32. That is liquidation value if atkins and SNC engineering firms are worth $3 billion at sale. Keep some faith. That includes no earnings expectations or future cash flow.