Thanks. I took cash at holding company and subtracted holding company debt. I excluded the cash in escrow at the timber company (as that cash is collateral for the timber note holders) and... login to read the rest
Thanks Sunny. I agree that the forest products operations valuation on its surface looks a bit aggressive. But one needs to look at more than just the traditional cash flow multiple metrics for... login to read the rest
Thanks Duff. The status of the Kahn lawsuit is that it is pending and its outcome will likely be determined only upon resolution of the MXM's FDIC case. Interestingly, and probably something I... login to read the rest
alli,
i like the write-up, but have trouble assigning any equity value to a timber business that did approximately $100 million of EBITDA at its peak three years ago, has declined significantly since that time and... login to read the rest
This is a good write-up and looks like a good idea.
I did a quick Google seach on 'hurwitz' and I couldn't believe that there is an anti-Hurwitz web site offering a $50,000 reward for information... login to read the rest
I disagree that Hurwitz has become 'fatigued'. I don't think he's the type to tire of screwing people.
I would guess that he'll try to take it private cheap, will get sued, and settle... login to read the rest
I think you're probably right on this one. A lot of value investors have thrown in the towel which is probably a sign that its time to invest.
Do you know the status of Alan... login to read the rest
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