Even with the pps where it is -- the EV is still $4.5 billion.
Consider this, CCU had a difficult time closing their LBO valued at $20 billion when the debt market was much better off... this is a company that has BILLIONS of dollars in annual FCF having a difficult time closing their pre-arranged deal - and the Mays family and other board members are BANKERS!
Are there really posters here that believe that Karmazin is going to come up with nearly $5 billion to do an LBO on a company that has never earned a profit; has a questionable future due to a weakening (some believe saturated) aftermarket; a weakening economy; and a severely weakening automotive market?
Really???
Good luck proving that one...
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