RE:RE:Private Equity/Management buyout It would be hard to argue that taking HWO private at Book Value would be 'predatory pricing', given that the market is currently only valuing the company at a fraction of Book. If we carve out the Net Cash of $42M, valuation is at 0.2x Book.
I think Cyrus Capital should be more concerned about their reputation of being a piss poor investment manager, rather than reputation of taking a company private.. You gotta remember these guys have been invested for over 10+ years, took part in an equity raise at $5 back in 2017 and have nothing to show for their investment.. I wouldn't want my money sitting with these guys at Cyrus Capital