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Strategies & Market Trends : Value Investing
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E_K_S
To: E_K_S who wrote (62040)5/21/2019 9:40:30 AM
From: Spekulatius1 Recommendation   of 78744
 
I believe the warrants on CRTVA will start trading on about 5/24. It will probably trade at an PE~14x. Balance sheet is debt free except the considerable working capital ( they need to accumulate sed inventory for the growing season) , but will bear about $200-300M in pension cost annually.

I think there is considerable upside to profits because the restructuring from the Dow / DuPont combination is only 1/2 complete. FWIW - the DuPont seed business ( Pioneer Hi bred) was acquired for almost $10 B in 1999. That investment didn’t work well, I think looking at the value of the entire business now.
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