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Q: Carmanah is selling its Sabik assets and will end up with net cash of about CAD $118 million. This for a company with a current market cap of only CAD $65 million. Are there significant residual assets after the Sabik sale? On its face it looks like this is an opportunity to buy a dollar for 55 cents and get the remaining business for free.
Read Answer Asked by David on December 13, 2018
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