Now the market is valuing the entire corporation minus cash at 1.2 billion, canadian stake is probably worth 1.75 times this LOL
what about the debt? you can't subtract the cash without adding the debt!
kuna:Your right! Doesn't make any sense. The 12-31-11 financials show 4.8B cash, with 21.8B working capital. With stock selling in the low $5's.Wouldn't be supprised to see a major take a run at them. IMHO, a steal at this level.
I'm hoping we see an inside out reversal today going into the close, greece remains an issue as does europe, but all europe needs to do is print money and the saga is OVER
Book,Agree with you. Do you think AIG could make a run at GNW?
Hopefully management takes a cue from the market and splits this thing up to recover some value. Management sure owes shareholders some information on future strategy. That said, I bet tomorrow's annual meeting will be a dud and do nothing to help the near-term trend.
Why do you care about the value of the paper, the fact is your investment continues losing value day by day. Just be very careful today as the market approaching the close.
No I will keep buying. I like the stock, I like it more if it drops more, get some common sense, this Greece junk doesn't matter, Greece's GDP is equal to the GDP of Maryland.