Post by
stocksnbonds458 on Jun 23, 2018 9:05am
Assets vs Debt
BXE has (approx) 1.2 Billion in assets and 450 million in debt. That leaves 750 million in shareholder value, a value of around $16.00 per share. Even if they sold off all of their assets at crazy fire sale prices of 1/2 the value of the properties, BXE would still be worth $ 8.00 per share.
Okay then, how about selling all assets at 50% of actual value, paying off all debts and then distrubute the remaining between shareholders? I will take $ 8.00 per share in cash right now!!!
I am sure I am missing something, it cant be that simple.
Comment by
stocksnbonds458 on Jun 23, 2018 4:24pm
Seriously though, why not sell the company? At book value of $ 16.00 per share everone including the Insiders would make a small fortune even if it was sold a a considerable discount with regards to asset value.. Sell Mortimer, sell sell sell (from the movie Trading Places) lol.
Comment by
Snowhouse on Jun 23, 2018 6:13pm
The management is not interested in Shareholder benefits. They care about their job and regular paycheques.