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The Toulouse-headquartered aeroplane manufacturer's global business sees contracts of staggering proportions, with its current order book valued at just under $1tn£764bnbn) at the start of 2016.
Taken as booty from Prague by Swedish troops during the Thirty Years' War, the book, valued at $15.1 million, takes the name "Devil's Bible" from its superb illustration, below, of the devil and an accompanying legend.
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That suggests a valuation above book value.
"Is this book value good?
"We're trading at book value".
Cerberus is paying less than book value.
Typically banks are valued as a multiple of book value.
(That's the "book value" of the company).
Five years ago, they traded at nearly three times book value.
"The Blue Book value was $14,000," he said flatly.
The discounts to book value are one reason.
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