Martin Assets have a book value that is about 10 times debt as far as I remember. If there is bankruptcy and the assets are sold for for instance 20% of book value there will be more ten times the current market value to be distibuted to current shareholders as far as I am able to understand. The sticking point is how much the assets can be sold for.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.