RE:RE:Debt Liquidation ImplicationsI think you might be right.
They will have $345 Million US of cash from the sale of Sports, following the dividend payment and I recall they had $60 million in cash heading into Q4 .
So, perhaps less than $100 million in debt remaining .
Regardless, today's confirmed sale of Sport is valued at about $915 million cad or about $29 per share .
The shorts kept us below $24, so we are still $5 below today's finite asset value and we have two other subsidiaries generating annual sales of $1.75 billion with modest debt remaining and set to increase operating earnings , if not a close out sale.
So, we are still $5 short of today's definitive added asset value, and assuming no value for the remaining two subsidiaries.
When this sale was announced a few months ago, TD valued us at $46 and SA at $45 per share .
I see nothing to change that valuation.
I bought more today and will continue to buy below $30, as excess cash permits..