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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (146293)2/10/2009 3:00:57 PM
From: Tommaso  Read Replies (1) | Respond to of 313001
 
Claude, you cannot get a better balance sheet than to have virtually all long term debt balanced by long term financial assets, and as much cash per share in the bank (100% when I bought in, and still about 50% of the stock price). And the stock price is still only a fraction of the book value.

And the book value, I imagine, is calculated as conservatively as everything else.

And then you have the involvement of the likes of Pierre Lassonde and Seymour Schulich.