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Seahawk Drilling Inc. Liquidation Value

GuruFocus Updates 30 June 2010 Featured No Comment

By Greenbackd. Seahawk Drilling, Inc. (HAWK), which I’ve posted about before, has taken a pounding over the last few days, down over 11% just yesterday to close at $9.61. It seems crazy to me. HAWK is cheap as a going concern, but with its market capitalization at $113M, it’s now at a hefty discount to its liquidation value. Here’s how I figure it: Read more » »