So - you are saying if somebody trustworthy guarantees that AIR maintains the promised divie of 20 cents, than it is already undervalued. I think I can agree with this assessment. However - the question is - how much is it worth if it does not maintain its base divi? In my view it is a quite dangerous assumption to rely on AIR being able to deliver 20 cents divie year after year. Just ask Mr. & Mrs. Market, they agree.