RE:RE:spinco & SALT valuation I didn't say they were worth 1$ each. I said they could be. Or maybe it's 1.50 and .50.
or next week it'll be 1.55/.55 for a total of 2.10. Today it's worth a total of 1.94, so maybe that's 1$ and .94. Or 1.61/.33. Or 1.22 and .72. Or..should I go on?
or maybe they're worth 5 billion. Or maybe 10B
The only thing is that as of today, the whole pie is worth 1.94.
point is, spinco will drop our SALT sp by an unknown amount. The only certain thing will be that it'll be fractional of our value of the whole pie as of a certain date. That's the point of asset so it'll trade freely and unlock true value. Maybe one day it'll be worth 20$ per spinco share while SALT trades at $5! One day you'll wake up and find salt dropped and you have some spinco shares valued at something, but worth much more!
cheers
pure play. Natural resource. Let's the parts trade freely!