what is next qtrI haven't checked the actual amounts as no SEDAR filig of latest results but they will reverse ~C$70MM of provisions for asbestos liabilities by paying ~US$140 into new company carrying liability (and new owner paying US$7MM). They then sell French unit, but revenue value of latter not known, for $170MM to help pay for foregoing. If one ignores impact of French sale on revs it might seem that when all dust settles they will have profitable qtr but anyone idea of prospective numbers or is major point that family can sell new company (no french obstacle).
Anyway, even without figures to make calculation it seems actions to clear asbestos liabilities and sell french unit are expensive and $15 sp is unwarranted even if takeover becomes a thing in the near/mid term. Just my opinion but I'm out. GL