The focus remains squarely on operating earnings, and when
cash flow is discussed, it is painfully clear that these people have no
idea what they're talking
about.
However, a
cash bid is always hard to beat (especially if the bidder has the fire - power, and the desire, to raise it), and CQB shareholders may soon realise even a $ 13.00
cash bid could be far superior to a ChiquitaFyffes share price that could trade anywhere... As for Fyffes shareholders, at this point referencing a stand - alone intrinsic value might be a good
idea again: Adjusted EBITA's notched a little higher to 3.8 %, but again operating free
cash flow (Op FCF) has only averaged
about 55 % of adjusted EBITA in the past few years.