There is an interesting write-up on VIC. The author values RVI at $52.20/share. I'm getting closer to $50/share.
$650 Million or 12.50% cap rate for PR properties $1.70 Billion or 8.50% cap rate for US properties Cash+receivables+ insurance recoveries = $145 Million
Total Assets= $2.495B
Total liabilities + preferred =$1.568B
Fair value= $50.11/share
I think RVI should trade at $40 today. Please Let me know if i'm missing something.
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