A few questions:
1) will you please explain your assumptions for $50m in CFFO in 2008?
2) isn't maint capx $18m rather than $15m?
3) do you have any thoughts on the reasonableness of valuing this company on... login to read the rest
Is there anything special in the warrants the depress their value? They are available at a very narrow spread to intrinsic value: about $0.04. I think borrow is non-existent on GLDD which is... login to read the rest
Great Lakes announced that they've jsut purchased two dredges from Been-Stuyvesant, the #2 player in the market. The other 3 dredges that B-S used to own have been sold into the international market to Boskalis... login to read the rest
Hi, Jon:
Nice write-up of a neat situation. I like the replacement cost of their equipment, and the Amboy Aggregates business looks interesting. There are a few things I'm wondering about:
1) Is the possibility that additional... login to read the rest
Thank you for the write-up. You have the diluted shr ct at 48.2m. I come up with 58.5m (40.1 outstanding + 18.4 warrants). Thus, ev = $583m (58.5*6.7 + 191 net debt).... login to read the rest
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