American Commercial Lines, Inc. (NASDAQ:ACLI)
CAPS Rating:
A marine transportation and service company in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels.
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This is an excerpt from the 2008 third quarter 10-Q
"We have received a preliminary independent appraisal of our fleet in connection with our intention to refinance the current credit facility. The value of ACL’s fleet reflected in the preliminary independent appraisal as of August 15, 2008 was in excess of $1 billion."
Their total liability including all debt? $659 million. Also, the company is profitable.
Current market cap? $189 million.
I rest my case.