you are viewing a single comment's thread.
I was way off on Santos...there is no question about it...The other assets are estimated more conservatively though.
Gramercy is understated here. The new plant is $200 millionso divide that by 3, and don't forgetto include the value of the actual partnership, and the wholly-owned adjacent small bag factory.
$200 million for the plant? seems a bit high,but cetainly the plant is worth more than $100 million.Will IPSU bounce back? It will, but it will take some time. I'll admit, this one has been a real disappointment to say the least.