Check out the latest commentary at the Nassau Institute.

Here's a little snippet:

"Much criticism has been made of the $210 million price for 51%  as a “give-away”, unfair to the Bahamian people. In 2009, the latest reported fiscal year, BTC’s net income was roughly $48 million; 51% of that amount is about $25 million, giving an acquisition price/earnings ratio of 8.4X, which  is a fair figure for an overstaffed  company that will only enjoy its monopoly status for another three years. Would any Bahamian investor pay more than 8.4X if he were offered the shares today."

Click this link… for the entire article.