SwingTrade Member Forum

[SSKILLZ1]

SENEA

I’ve been buying SENEA All week in the 28’s here is what I like.

1) SENEA is waaaaaaaaaaaaaaaaaaay off its high of $41 in late July, getting it in the $28’s is quite a bargain in my opinion.

2) SENEA trades at a steep discount to book which is around $41.


3) SENEA Eliminating one-time costs earned about $4.50 last year. That trades at a PE of 6. Q1, looked bad, but in reality earnings were about flat q1 levels last year if you take out gains and charges. Q1 is also the seasonally weak quarter for SENEA, so better quarters will be ahead in my opinion.

4) SENEA made a deal with Monsanto, not sure how important this is, but this does have huge potential.


Conclusion: Pop a 10 PE on it, and you get $45, and there might even be more upside if this Monsanto thing adds to earnings like I think it can. All is just my opinion, and I could always be wrong though.