RE:Company valuationsI largely agree with your sentiments here, TA.
I view FEC as being the more likely candidate for a buyout or takeover attempt, ...not CGX.
In such a scenario, it would pretty much just be 'status quo' for CGX. Instead of being essentially a majority owned subsidiary of FEC, they would become a majority owned subsidiary of some other company.
FEC, imv, is more vulnerable at this time to a potential buyout or takeover attempt.
just my opinion