agree that they are priced for insolvency, but in comparison to Timbercorp they hold assets which have more than just one or two potential buyers.
The coming writedowns may be significant but their NTA must surely be maintained above $0.10? (from $0.90? something in Dec 08).
Can anyone think of another listed company that has gone into administration with assets/balance sheet similar to TCQ?
agree that they are priced for insolvency, but in comparison to...
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