Global Value Investing

[MNT]

I happen to spot some other views on this counter. The last statement is funny with a perma bear on board.

http://www.hotstockmarket.com/t/121180/ylo-yellow-media-toronto-stock-exchange/920

Still working on the numbers, will share once I have it. Their conversion data is slightly confusing so Im taking a while.

This CEO is simply pillaging this firm, damn this level of stupidity.

Off hand, the firm

- added $250m in cash
- took out $2,757m in debt, CB and preferred
- added $850 in new debt (senior + sub exchangeable)

Assets added $250m to $5,298m
Liabilities declined to $1,057m
Net assets being $4,241m with $4,313m in deficit
so net equity is worth approx $72m
new common shares out is 27.955m

value per common works to be $2.58 per share?
Funny am I missing out something here?