ABTX has a good foundation. They have marvelously acquired over 30 other companies and are now in the process of organizing them. No doubt it is a much larger task than they anticipated. I will tell you that acquiring a company is a big deal. The process of taking on a whole new company and transferring their way of doing business into your your way of doing business is immensely time consuming and tedious. Now do that over 30 more times in a 3 year period! ABTX has the ability, and will, make a lot of money one day. The problem here is that other seed companies (Cargill, Mycogen, Dekalb, Delta) have been acquired at a rapid pace in the last year and now everyone is looking at ABTX's value more closely. If all those seed deals were not done last year then ABTX could take their time with these consolidations without being looked at through a microscope. Instead, they are now under the gun and this is where JT does NOT have much savvy. With the pressure on him he has threatened shorts and promised deals that, even though his intentions are truthful and good, has put undue pressure on the stock price. I have been flamed for my feeling on JT but, heck, I own a nice chunk of stock and I have a right (whether you like it or not) to express my displeasure with the company's current tactics. Presently, I intend to hold on to ABTX until a sale and then,depending on the buyer, hold or sell. If there is only a 20% buyin, I will hold long term. I prefer that scenario. On the other hand, if nothing happens I will be suspicious as to why no other company found them attractive and reassess my position then.
For now, I am long and hoping that JT keeps focused and keeps smiling.
Go ABTX! |
