This is not the kind of market in which anyone would want to put a premium on the company.

I can see this being interesting for professionals who might be tracking stories about a company, for example,

They are the most qualified company.

[The company said it would offer 280,000 flex-fuel vehicles that run on gas or ethanol next year, including, for the first time, a version of its Ford F-150 pickup truck.] With fewer than 400 ethanol stations in the entire country, it will be important for them to follow through on plans to promote ethanol sales, ... Otherwise, their increased flexible-fuel vehicle sales will actually exacerbate our oil dependence.

I think that Ford has been committed to being an environmentally sound company for years, but they've been short on real commitments to achieve that lofty promise. Hopefully, there is more to come.

In the independent directors' target company statement - which included an independent adviser's report - they valued Capital Properties in a range of $1.48 to $1.72 a share, with a mid-point valuation of $1.60.