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DVI, Inc. (DVI) Message Board

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  • barrons_reader barrons_reader Feb 1, 2004 8:48 AM Flag

    Last nail in DVI coffin

    Actually, the problems with DVI's Asset Backed Securities have very little to do with DVI Inc.

    DVI has successfully negotiated with USBPS to transfer of the servicing rights for the Asset Backed Securities at a very nice profit. By my calculation, DVI will receive $80m+++. Add to that the $133m DVI is getting for the sale of their UK and European operations and this company will be swiming in cash.

    If they can get out of their $155m of corporate bonds at just pennies on the dollar, that leaves even more $$$ for shareholders.

    In the end, shareholders could easily get $1-$2 per share after total liquidation.

    br