ok - then the whole thumbnail sketch is wrong.
Aren't the $4.6B property and land assets also offset by a significant portion of the $5.6B total debt.
I'll review the numbers this weekend in detail.
The 13 year low headline got my attention to this stock - and felt buying at $9 is a good risk reward. But the numbers should be compelling for a buyer.
The stock got here cos of poor mgmt - and these idiots ain't goin anywhere (well the financial controller bailed out)