Funny, you just beat me to posting the same thing. I obviously do not understand the company but when the financial advisor who valued DFR for the merger said $6 a share and people on this board thought it was worth $25 I was pretty sure then that no one around here knew anymore than me.
Book value is irrelevent with DFR. Free cash flow is the sole metric for determing value here. At the moment they are generating a little over 20 cents a quarter per share of cash. What is approximately 90 cents annually per share worth in today's world? I figure $8-9 a share---what is it worth to you?