17-07-2020, 04:17 PM
Book value at $650 million and sold at $430 million, that is a whopping discount of 34%.
Either it is a fire sale or the valuation is out of whack, or both.
And it's difficult to see how the disposal benefits the shareholders.
Either it is a fire sale or the valuation is out of whack, or both.
And it's difficult to see how the disposal benefits the shareholders.