But still, the company is selling for less than the probable liquidation value of those boats.
Even the cream of the REITs, with marquee buildings and management, are trading below their liquidation value.
You would have a nice windfall in this stock if the spread between liquidation value and share price narrowed.
The liquidation value of the properties ought to keep up with inflation, too.
Most of the companies, he said, he bought at half of liquidation value.
The liquidation value of Clearwire could easily be higher than its market cap.
Furthermore, the notion that they have the security of a debt instrument is usually a fallacy rarely is there any liquidation value when an early-stage company fails.
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However, tangible book value per share is a good measure of liquidation value, or the amount that shareholders can reasonably expect to receive should the company go under.
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This must happen because according to the CDS values and the price to liquidation values these companies simply have no value.
The only sure way to drive a closed-end fund closer to its net asset value is to attract a raider who tries to force management changes or a liquidation.
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For Dewey, one value of the merger-and-bankruptcy plan would be to avoid a liquidation, which is an outcome that would make recovering accounts receivable and yet-unbilled legal time much more difficult, those familiar with the situation said.
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