Add $0.75/share for American Roads. Book value is $5.68.
From the Conference Call:
"Sure. It’s a good question, Andrew. So, when talking about GAAP, we have a single line item presentation for assets and liabilities held for sale, those are the American Roads LLC assets on the balance sheet. So, really by simply unwinding those accounts and increasing the cash by the sales price of 219 that Fred just mentioned, you can get there. So, I can quickly throw some numbers at you. So, we have assets of entity held for sale of a $167 million, but then there is liabilities held for sale of $12 million. So, that’s $155 million of carrying value. And then, the sales price of 219, when you take that difference, it’s about $65 million. We have, I think, 87 million shares outstanding. And so, when you do the math, that gets you approximately $0.75 per share that will be recognized in Q3 from a GAAP perspective."
