RE:Fourth quarter highlights Hi Torontojay.
I agree w/ you. I don't have much faith in an earnings power valuation for this company but I estimate a modified book value to be around 4.5/s on latest balance sheet. W/ a netnet value of 0.9/s. The issue is the continuation erosion of their underlying businesses and how that will decimate the balance sheet margin of safety. Hopefully, market valuation reaches my asset valuation so I can exit profitably.