I've combined it with the list of HAWK's rigs and their operating status from the July 2 Drilling Fleet Status Report to calculate the approximate second - hand market
value of HAWK's rigs:
Not exact matches
What Stephen
Hawking Missed: Small Biotechs Developing Promising Cell Therapies for Devastating Disease Source: Streetwise Reports (5/2/18) In the second
of a two - part series exploring the disruptive cell therapy space, Maxim Group analyst Jason McCarthy takes a look at small - cap companies targeting big - ticket indications and their potential to drive blockbuster
value for both patients and investors.
Westboro Bapist's sad, shameful, attention - desperate protests are losing some steam as their shock
value grows thin and an ever - ready batch
of counter-protesters watches the congregation like a
hawk, ready to...
No person shall offer or exchange for sale any article or thing, or do any
hawking, peddling, or soliciting, or buy or offer to buy an article or thing, or take up any collection, or solicit to receive contributions
of money or anything
of value in the Park System except when authorized to do so by permit from or contract with the Director
of Parks and Recreation.
He expressed disquiet about seeing children
hawking wares in the street to survive and called for the adoption
of family planning methods and
values to prevent such situations.
I wrote it down first,
Hawking found the numerical
value of the constant, so together we found the formula as it is today.
He also challenges his
values: If Black Panther is about this warrior - king coming to terms with his responsibilities to the rest
of the world, then it takes the extreme version
of that imperative presented by Killmonger — a war
hawk's hate - fueled, yet sympathetic scheme to avenge a history
of violence against people
of color — to help T'Challa reach his epiphany.
They're kind enough to trust that I put in front
of them what I really
value... I'm not
hawking something I don't believe in.»
It looks like there is also a $ 35 million DIP credit that will be used to fund
HAWK operations until the asset sale can be completed, so this is coming off the top
of the asset
value.
This valuation suggests
HAWK could be worth another ~ $ 150M in rig
value if most
of the rigs can be sold as operational, which implies a liquidation
value around $ 300M or around $ 25 per share.
Here are the top 10 posts for the last quarter: Graham's P / E10 ratio The long and short
of The St. Joe Company Absolute Return interviews Seth Klarman Seahawk Drilling (NASDAQ:
HAWK) redux and
HAWK liquidation
values Whitney Tilson and Glenn Tongue on BP -LSB-...]
Even though the S&P 500 index is down since most
of the sales, the results are similar; I've added
value in 5 out
of the 7 position sales, most noticeably with AVTR and
HAWK which have both seen their share prices collapse since I sold.
I said at the time that
HAWK was not a typical Greenbackd stock, but it warranted consideration at a discount to Ben's estimate
of liquidation
value.
At its $ 12 close yesterday
HAWK has a market capitalization
of $ 142M, which is 30 %
of its $ 443M or $ 36.6 per share in tangible book
value as at March 31.
With a market capitalization
of $ 113m,
HAWK is trading at a hefty discount to this
value, and
HAWK is too cheap.