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The result is a punishing discount to peers.
It was convertible at a discount to current market value.
Investors attach a discount to the combined company.
That is a 25-cent discount to Friday's closing price.
That's a 12percentt discount to its peers, he estimates.
That's a 10percentt discount to the asking price.
At one point, he sold his car at a huge discount to meet a payment.
Greek bonds already trade on open markets at a steep discount to their face value.
At present emerging-market shares trade at a 25% discount to their developed-market peers.
It sounds as if insurance companies may offer a discount to their clients for using TugCam.
Stockmarkets apply a "conglomerate discount" to the price of their shares.
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