What would be the break-up value of this stock ? - Cash - Core business - TFL/e-commerce/Repair- Ventures portfolio- Tax losses The current price equals less than Cash + 1$ for all the rest.Seems like any news of any kind on the strategic review process would make the price move 1$,2$,3$ up, depending on the outcome.Removing the poison pill, would allow Steel partners buy in the open market, making the stock move back to 6$ level.That's a 100% gain from here ? Is it possible ?
you need to check your math and read the filings.cash position ~70MCore = ? 30M?AMS/ecomm = 12M@ventures = 5M tangibletax losses 200Mthere's no way you get 6$/shr out of that.~14M of the cash position as of 12/11 has been spent on Alvarez, proxy battle and goldman/strategic alternatives.