Kidmaxx...nice synopsis. Also wanted to add that Pilgrim's Pride book value is $1.66. They are currently trading at $3.70 as of Fridays' close (May 8th). The book value was based on their Q 4 2008 balance sheet.
Chemtura's book value is $1.95, which is also based on their Q 4 2008 balance sheet. Someone posted a lower figure...like $1.39 or something???. But my calculations via the equity and outstanding shares per Q 4 2008 gives me: 475/242.65= $1.95.
Someone,please feel free to correct me if I'm wrong.I am a humble minnow who occasionally miscalculates :)
Bear in mind that Chemtura's Q 4 2008 posted a loss of 14 cents per share. Q 1 2009 loss was 11 cents per share. Q2 2009 (end of June)is expected to be +.07 cents per share.
Folks, I strongly believe that, just like Pilgrim pride, Chemtura will also surpass it's Q4 2008 book value (whether it's 1.39 or 1.96, it's rising)
Do the math people...book value is rising and the stock price will rise in tandem with it.
