You don't understand Snowball's "logic". Even if the case was resolved for 100 million plus sales of toll roads for 200 million, the money does not mean a hill of beans. Esposito will squander it(where's evidence?) or sector worries mean no one will pay attention. Most importantly book value has very little importance if a company is trading on the pink sheets. I would like to find 10 other companies just like Syncora that are as undervalued just by being on the pink sheets! On another subject, Reliance Rail seems to be dragging on. This could become a real problem.
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