Jun. 4 at 6:17 PM
$BCHT Current cash: ~
$13M
CERT net of lawyers & Alterna:
$46.7M
Ameren net (70% of
$20M):
$14M
Air business is tough to model with retiring plants, contract renewals, and new unannounced supply deal settlements.
Conservatively worth 10m or
$0.42 a share.
Water even harder but we will take their 50% gross margin figures as reasonable and discount the uncertainty by pegging the unproven business segment at around
$0.70 per share.
Basically this is a company worth
$1.12 per share in actual operating business with
$0.49 per share in cash and somewhere around
$2.33 per share in probable lawsuit proceeds.
$3.94 total If you don't discount the cash on hand, awarded, and estimated.
Did Claude and I get anything wrong here?