I think you are 100% correct. The majority of their buses are only of scrap value, and that includes their coaches, they are done, heating not working, air conditioning not working, smell inside, not maintained properly. I have driven them, believe me they are done. I don't know what their end game is, because there is only value in their property portfolio. I appreciate they have a lot of school contracts that pay well, due to the fact that the cost of the vehicles used is at the very bottom end, but I don't know if you can use the contracts when calculating the goodwill of the business.
But yes scrap.