Check out the balance sheet and cashflow. They're burning cash...

Check out the balance sheet and cashflow. They're burning cash and have little to show for it. Low deal flow, with too much of their former income from one-offs, not repeat user fees.

That said, if I was thinking of bidding (you know, had a few hundred mill lying around), I'd be vibing 'we're not going to bid' so to help the price down. A lower bid will, then, look good given the current price. I'd be surprised if it came in much higher than $1 given its position and the position of the finance industry...