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Genworth Financial, Inc. Message Board

  • cvdpro cvdpro Dec 13, 2012 5:49 PM Flag

    Why someone on Bloomberge said

    GNW is worth $11.

    This is a simple math, Please enlight me if you think I am wrong

    GNW has around 16 billion equity, if we take out 2 billion intangable asset, then the net equity would be 14 billion.

    Suppose GNW sold all its unit at 40% of its equity(some units could get much higher price), then they can fetch 5.6 billion dollar, also they could claim 8.4 billion dollar lost, they the tax benefit for the 8.4 billion is worth 2.5 billion assume 30% tax rate. .

    So in all, the company could be easily worth 8 billion if it choose to liquidate. Which is worth $16/share.

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