CDVI-Cal Dive International, fair value .50-.80
Post# of 8
Posted On: 03/01/2015 10:23:13 PM
CDVI-Cal Dive International, fair value .50-.80
What we do know- 99 million shares out, market cap 4.5 million
Pemex is moving along, about 200 million in backlog contracts. They only have admin employees and all field workers are paid hourly.
Huber Capital, Cashman Equipment Corp and FMR LLC own approx half the float, 40 million or so and are still holding. Insiders are still holding and have not sold (aside from the usual regulatory filings)
Company is still hiring and we talking a few million in interest which is what this whole credit agreement is about.
NOW- they have well over 500 MILLION in assets and this was Sec filed and disclosed with their holders. Why don't you think the bond holders haven't taken action yet? My guess is Pemex funding and contracts coming to completion. AGAIN this quotes and numbers are "liquidation" valuations. Why do you think Cashman Equipement is holding along with Huber.
A deal can and imo will be made and I see fair value in excess of .50-80.
They're assets far outweigh liabilities here and with the propers restricting and credit agreements the share price quick quickly reflect its true value imo- .50-.80
"During these discussions, the Company disclosed to the Holders third party appraisals that concluded that the approximate fair market value and net orderly liquidation value of the Company's fleet of vessels and diving systems were $307.0 million and $218.1 million, respectively, based on appraisals conducted in October 2013, February 2014, and August 2014. The appraised values of the Company's fleet are included herein only because they were provided to the Holders"
What we do know- 99 million shares out, market cap 4.5 million
Pemex is moving along, about 200 million in backlog contracts. They only have admin employees and all field workers are paid hourly.
Huber Capital, Cashman Equipment Corp and FMR LLC own approx half the float, 40 million or so and are still holding. Insiders are still holding and have not sold (aside from the usual regulatory filings)
Company is still hiring and we talking a few million in interest which is what this whole credit agreement is about.
NOW- they have well over 500 MILLION in assets and this was Sec filed and disclosed with their holders. Why don't you think the bond holders haven't taken action yet? My guess is Pemex funding and contracts coming to completion. AGAIN this quotes and numbers are "liquidation" valuations. Why do you think Cashman Equipement is holding along with Huber.
A deal can and imo will be made and I see fair value in excess of .50-80.
They're assets far outweigh liabilities here and with the propers restricting and credit agreements the share price quick quickly reflect its true value imo- .50-.80
"During these discussions, the Company disclosed to the Holders third party appraisals that concluded that the approximate fair market value and net orderly liquidation value of the Company's fleet of vessels and diving systems were $307.0 million and $218.1 million, respectively, based on appraisals conducted in October 2013, February 2014, and August 2014. The appraised values of the Company's fleet are included herein only because they were provided to the Holders"
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