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Andatee China Marine Fuel Services Corporation Message Board

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  • socialidiocies socialidiocies Dec 12, 2011 7:10 PM Flag

    Trading at 25% discount to the tender offer

    Book value is only market value when the liabilties reach maturity.

    Example: if he purchases the company now with x debt and y interest and it's due 2 year from now, it may be to his advantage because on book you have y interest but considering the peak of interest rates have been reached due to strong influences pushing inflation. The interest rates could drop in that time which is likely in China and the final amount due is less than on the "books". It is good timeing on his part for the offer because the "book" does not necessarily reflect final outcome when it comes to maximizing one's returns.

    It's true value is moving forward. A good accountant should be able to project forward with cost reduction due to banking trends. Due to QE, interest rates dropped. ANNOUNCED DEC 9, lower inflation and 1 year interest rates dropped. So, I'd be interested in bank notes payable going forward....

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