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Tuesday, November 18, 2014 9:20:17 PM
$GRO- If CFO resignation has people skittish then I see it as an opportunity. Lack of information abounds here...I even saw a recent SA article w/o any mention of PGG Wrightson. Lol, that's pretty much Agria but Lai must have some plans beyond that. There's also the Lebed taint as he pumped it in the past though I don't know why anyone would give that any relevance these days.
It trades with the Chiscam discount but is essentially a discounted purchase of PGG Wrightson with the wildcard being the Chinese element (mostly R&D) eventually doing something.
Regardless, PGW NZ mkt cap is nearly $300m USD w/ $GRO cap under $60 million despite owning over 50%. PGW pays a healthy dividend that Lai will maximize and likely look to increase in coming years.
Not saying $GRO deserves a market cap half of what PGG Wrightson has but the current situation seems to be an opportunity with some nice short-term upside. Given the run in the markets past 12 months, there aren't a lot of opportunities like this out there.
Maybe the catalyst for these Chiturds will be the fact that everything else seems overdone to the upside?
It trades with the Chiscam discount but is essentially a discounted purchase of PGG Wrightson with the wildcard being the Chinese element (mostly R&D) eventually doing something.
Regardless, PGW NZ mkt cap is nearly $300m USD w/ $GRO cap under $60 million despite owning over 50%. PGW pays a healthy dividend that Lai will maximize and likely look to increase in coming years.
Not saying $GRO deserves a market cap half of what PGG Wrightson has but the current situation seems to be an opportunity with some nice short-term upside. Given the run in the markets past 12 months, there aren't a lot of opportunities like this out there.
Maybe the catalyst for these Chiturds will be the fact that everything else seems overdone to the upside?
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