Thu, Dec 25, 2014, 9:39 AM EST - U.S. Markets closed for Christmas

Recent

% | $
Quotes you view appear here for quick access.

Tenneco Inc. Message Board

  • Ex_Ten Ex_Ten Feb 20, 1999 1:05 PM Flag

    Barron's Article this week

    The following is from the article.

    "Taken
    together, the $9.3 billion valuation of Tenneco's units
    ($5.1 billion for packaging, $4.0 billion for
    automotive and a $200 million interest in containerboard)
    less $2.4 billion in debt, places an estimated net
    value on the company of $6.9 billion. Spread over 168
    million shares, that implies a breakup value of over $41
    a share -- or nearly half again the current
    quote."

    $5.1 bil for packaging???? What are they smoking in
    Greenwich? My guess is that it's worth less than half that.
    Automotive might be sold for $3 bil if they can find a
    buyer. That puts breakup value at around 25. Who says
    the stock market isn't efficient?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
TEN
56.53-0.270(-0.48%)Dec 24 1:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.