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

To: Paul Senior who wrote (45171)	10/27/2011 12:38:49 PM
From: E_K_S	Respond to of 78705

Re: The Andersons, Inc. (ANDE) Paul this is a good one based on it's fundamentals. Low PE (7.5) , total LT Debt to annual net income below 6x (5.5x), lot's of real estate assets bought in the 50's for example their grain division; so cost on the books is very low (ie BV probably understated). I too agree that they have other divisions that really do not focus on their original line of business (ie. grain division). This could result in an eventual spin off of one or more divisions to extract shareholder value. I do like the way management will take a risk and step outside their core business to grow the company. Dividend has increased every year since 1996 as well as a 2:1 stock split in June 2006. finance.yahoo.com Hate to buy anything on an up market so I will add this one to my Agriculture watch list. This one is a good candidate for the AG basket. I do believe the World will eventually recognize the U.S. for it's exceptional agriculture lands and the infrastructure we have built around that (grain elevators, rail & ports, processing). It's just a matter of time before these assets get priced to reflect our very efficient utilization of these assets that result in us being one of the most efficient food producers in the world. EKS