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Today Terra Industries (Ticker: TRA) agreed to be

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CharlesNet   Tuesday, 02/16/10 01:45:31 PM
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Today Terra Industries (Ticker: TRA) agreed to be acquired by Yara International for $41.10 per share in cash. This equals about 3.5 Times the Book Value of TRA. TRA is a fertilizer company similar to Phosphate Holdings (Ticker PHOS). If we used that same multiple of 3.5 Times Book Value to PHOS the resultant value for PHOS would be $27 per share. Today it sets at $12.75 which sounds like a SCREAMING BUY to me.



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