Bram de Haas
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Bram de Haas in Special Situation Investing News,

Below $0.4, Essex Rental Is A Bargain Based On Liquidation Value


  • It has been a roller coaster quarter for Essex Rental.
  • The company thinks it can work out a forbearance agreement with lenders within a few weeks from now.
  • Operations did not turn a corner yet although the ABI gives rise for a little optimism.
  • Essex Crane will need to be restructured one way or another and that is going to cost equity holders.
  • Meanwhile you can drive a truck through the gap between orderly liquidation value and the stock price.

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