victoryjc

Dow Plus Rohm & Haas: Not Pretty, But it Would Work

Your debt/EBITDA of 4.03 might likely go higher
than 4.25 in 2009 which would be a default under
the $13 billion loan agreement. See 8-K filed 9-9-08.
If Buffett is used to cure the default, the aid will be
more costly than it was for GE.

E*TRADE FINANCIAL Corporation Q2 2008 Earnings Call Transcript

My estimate is 54 cents/share for annual earnings
after giving effect to the Citadel financing of a $2
billion loan at 12.5% and 89 million new shares.
I took 2005 as normal year, using the 2006 10-K
filed March 1, 2007, page 74, income before taxes,
etc. of 676,126.
Rounding to two significant figures,
680 – interest at 12.5% = 430
430 – taxes at 33% = 290
290 / 540 sh Jun 30 '08 = 0.54