No. of Recommendations: 1
Him Jim,

I had an error in how I was calculating discounted value, so now I match your results. Thanks for posting the details!

The question now really is, in light of any contingent liability, what kind of growth is reasonable to expect going forward? Even 3% would say that RIG is worth $71 now. And as you mentioned, even if the liability becomes more certain, it seems like it will take a while to come to fruition. In the meantime, RIG can generate cash flow. I'm traveling now, but I'll have to take a look at the 10 Q/Ks when I get a chance.

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