Pep
Like your calculation.
Obviously CPB aren't going to go away.
In my experience most takeovers of companies this size are usually sccessful around 13 to 14 times projected eps.
On this basis I believe AEC proj. 2010/11 eps is around .325c.
.325 X 13.5 = $ 4.38.
Interesting times ahead.
Riv
