In your deams.
Salvage is the only value in the industry today.
Too much new stuff still comming on line.
I wish it was 16.00 per share, and I have taken a loss on this doodoo
I hope it comes back some day vs BK.
What do you think their fleet is worth at current asset prices? A rough calc would suggest about $650 million. With the money they owe, I don't think a fleet value of $650m allows for the book value you are basing your decision on. Thoughts?