Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: J Mako who wrote (44852)	10/6/2011 10:54:34 PM
From: J Mako	Read Replies (1) \| Respond to of 78694

re: SEB SEB has so many moving parts. And it's cyclical. I don't have much confidence I can establish an earning-based valuation within reasonable time frame. P/B looks reasonable though.

To: J Mako who wrote (44852)	10/6/2011 11:03:50 PM
From: E_K_S	Respond to of 78694

Hi JMako Re:SEB According to my StreetSmart Edge Research module, SEB has $316.43 Cash/share. There are 1.2M shares out which makes cash available $379.72M. This represent 18% cash per share. The other nice thing is they generate $375 cash flow/share(ttm). Other stats include $5.2B in sales. Their annual report is quite long. You can see a few of my comments from an earlier post to Paul ( Message 27595108 ). One item that did catch my eye was their 2012 Capex budget was large and would use up a lot of their spare cash and/or require some LT debt financing (I think they planned on doing both). The main use of these funds was for the upgrade of their shipping fleet (ie new ships). This was the one part of the company I really did not want but the subsidiary is well integrated with their other businesses, is not leveraged w/ debt like so many of the other shippers and now is the time to buy ships as they are very cheep relative to several years ago. My buy was pretty small and only represents 5% of my AG basket. I am betting on their new Butterball subsidiary (which they recently bought) and sure their next quarter earnings will reflect a spike in sales due to all the Thanksgiving day turkey sales. Turkey like pork is being sold as the "healthy" white meat and SEB owns both types of farms. EKS