Replies to post #9043 on Syncora Holdings Ltd. (fka SYCRF)

[DennyCrane550]

The Marketing Docs are using $20m EBITDA fwiw

[BernardBaruch]

"If there is a way to break down EBITDA for non-Detroit and Detroit I bet we can get super close to the sale price based on Denny's excellent research once again."

Thought you'd never ask :)

Old but "Proceeds from the tunnel lease are around $4 million to $5 million a year after the city is given its cut of about 20%."

https://www.freep.com/story/money/business/michigan/2014/09/10/why-detroit-windsor-tunnel-plays-key-role-in-big-detroit-bankruptcy-deal/15369749/