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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (43118)7/4/2011 5:30:11 PM
From: Paul Senior  Read Replies (3) of 78670
 
OT Pargesa situation. I keep approaching it, and then backing away. Situation is just too complicated for me. As to my current understanding, GLBR might be the better buy--or not. Or PRGAF - or not. -g-. Maybe the conclusion is that PRGAF is undervalued by maybe 18% or somewhat more, and that this discrepancy might close (PRGAF rise) depending on what controlling shareholders do. Which would mean my max gain from today's price might be +18%. Or PRGAF stock could fall depending on which and how the entity survives.

I'm leaning to just closing the position. I don't need Pargesa for Total (I have TOT shares). And while I like Pernod (which is inside PRGAF) for its liquor business, I have a few shares of liquor business DEO from the days when it was reported Mr. Buffett was interested in acquiring it. I have considered adding more DEO, but price is not attractive to me.

seekingalpha.com
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