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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (44703)	9/30/2011 1:56:25 PM
From: E_K_S	Read Replies (1) of 78680

VITERRA INC (VTRAF.PK) Good find. I have added it to my watch list. I have very little exposure to AG companies located in Canada and Australia. According to Yahoo, total debt to annual net income is a little too large for me at 7x .The seeking Alpha article states that they paid down over 40% of the amount reported on Yahoo. From the seeking Alpha article:"...Debt has declined quite nicely, reducing interest expense. Currently, management carries $925 million in net debt, after retiring $436 million during the last quarter..". That still makes their LT Debt 4x their annual net income right at my acceptable threshold level. Their PE & Forward PE is still a bit high at 15 & 13 respectively. I really only want to pay around 10 PE. I will go through the Web site link you posted as they may have some hidden assets on the books that are not reflected by their earnings numbers. The stock is selling below BV ($CAN 10.48) which signals to me that there could be some value in the assets they do own. EKS

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