Yes, a couple of things. TRW's profitability. Potentially increased stake by SIAF. Increased asset value (fish ponds).
Nobody cares about the asset write-offs on the beef business. It could have been worse if they had written off some aquaculture assets. And they did file the 10-K, confirming $600M+ net asset value.
I'm not satisfied with the progress made on the stock and cash dividends.
The ECAB note is gone which is a good thing. OTOH we lose some protection and there's potentially 5M shares hitting the market from them.
In general, a lot of attention goes to being transparent. But they screwed up on the Garrett note.
All in all a mixed bag. But it could certainly have been worse.
I also noticed total secrecy about CA contracts abroad. Could be a good thing resulting in a partnership.
It's painful that we are missing a real driver for the stock at the moment. Let's see where we are a months from now when they file the 10-Q.
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