RE:RE:RE:RE:RE:3$Nah, he's wrong..
Here's why.
You can buy 12.5% of an asset for a certain price, you pay more for less. But if you want the whole enchilado, the total price goes down. Glacier is probably worth about $400-$500M in this market. 12.5% is worth $100M.
It's not a straight line valuation where 12.5%*8= $800M, probably why WildCattter works out in the field and failed undergrad Finance.
Golddetector wrote: Your analysis is correct. I'm giving the price relative to bir arx pey kel. All these worth more than what they are traded it. They all went up but less than aav. So considering their sp now I will replace my aav share at 2.5 to 3 with bir at 2.1. However that does not mean aav worth 3 or bir worth 2.1. It is just relative. Jmo