RE:RE:RE:RE:RE:Over two months later.....Tyee1989 wrote: That's consolidated debt. Lcfs has $340 of that. TWM had around $630, and they got $665. The total debt was about $985 but you must back out the lcfs debt.
That's a fair point but I'm not so convinced it makes sense to look at this on an deconsolidated basis. TWM's remaining assets won't fetch a high multiple. It strikes me that the fate of TWM is very dependent on TWR, and at 70% ownership and realistically no other potential buyers I think it's best to view TWM and TWR as one and the same. The market seems to agree.
I've been holding this for years so I'm a possibly too-jaded long. Fingers crossed that today's prices are more reflective of that sentiment than operational reality.