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jeffhalfen

jeffhalfen
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  • McDermott International: Hidden Potential Unlocked by Spinoff [View article]
    Alex,
    My earlier comment was not really addressing the wording in the article itself (although it could be), but was primarily aimed at medvejonok's Aug 7 posting, and secondarily at your response to him. Thanks!
    Oct 25 01:07 PM | Likes Like |Link to Comment
  • McDermott International: Hidden Potential Unlocked by Spinoff [View article]
    When comparing post-spin to pre-spin value, I think you're missing a fundamental concept. The share price is a function of the number of shares issued. So you can't simply add the 2 post-spin prices together and compare to the pre-spin price. If B&W would have issued only 1 share in the spin, the share price would be astronomical (whatever the market cap is - which I don't know off hand). Similarly, if they would have issued a jillion shares, the share price would be pretty small (depending on the technical definition of a jillion). To get a reasonable comparison, you need to look at total market cap.
    Oct 23 06:07 PM | Likes Like |Link to Comment
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