Kings Would Seek $500M Sale Price

[Bricklayer]

Beggars can't be choosers... or something like that. The maloof's will take what they can get, period. They can't hang on much longer.

Would not be so sure about that.

As people have mentioned elsewhere, doing the math it looks like $350mil could be about a break even point for them. As in if they sell at that price, they might walk away with nothing. No debt, but also no asset, and no future. To chase them they need to score such an enormous profit that they look at it greedily and see it as a new lease on rich playboy life. As seed money to start a new ascent.

[Jose]

Would not be so sure about that.

As people have mentioned elsewhere, doing the math it looks like $350mil could be about a break even point for them. As in if they sell at that price, they might walk away with nothing. No debt, but also no asset, and no future. To chase them they need to score such an enormous profit that they look at it greedily and see it as a new lease on rich playboy life. As seed money to start a new ascent.

The question is... How much do they want to walk out of this with? 25M? 50M? I imagine it would be easier for someone to buy their majority ownership and assume the debt than it would be for someone to plunk down 400M...