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

To: Spekulatius who wrote (46987)	3/12/2012 3:19:41 PM
From: gizwick	Respond to of 78748

After the Canadian Wheat and grain board gets dismantled soon it will do wonders for margins and the ability of grain companies to expand their businesses. This is a play on continued sale of commodities to China, Europe, etc. PPS should climb as the business model gets fully developed by this former investment firm. Book value over $10.00 and they partially own (25%) a railroad in Canada as well that ships oil from Sask. Alberta.

To: Spekulatius who wrote (46987)	10/16/2012 1:33:27 PM
From: Paul Senior	Respond to of 78748

Adding small to my losing position in Ceres Global Ag. as stock drops. As discussed here and by CERGF management, Ceres is transitioning or has transitioned from an investment company to an operating company. Earnings aren't there though --- couple of issues being drought which has affected storage business, and change in Canadian law which may or may not help Ceres. "...the Canadian Government passed legislation ending the Canadian Wheat Board’s (“CWB”) marketing monopoly on wheat and barley, to become effective in August 2012. As at the date of preparation of this interim MD&A, we are now in this open environment and grain is able to move freely into the United States and can be hedged in the Minneapolis Grain Exchange starting with the September futures contract. Riverland Ag (ed: Ceres) is currently acquiring Canadian wheat and the signs are encouraging that we will be that we will be able to increase our position this fall..." What I like about Ceres is management's presumed background as investors and their focus on book value: "We are beginning to make purchases to build out our inventory positions and encouraged by the opportunities that integrated North American wheat and Barley markets will mean to Riverland Ag.Furthermore,our investment in Stewart Southern Railway continues to gather momentum, as its oil by rail shipments continue to expand. Ceres will look to deploy its cash resources in support of growth in these two core investments. Finally, Management believes Ceres’ stock price is significantly undervalued relative to the underlying value of its assets. Therefore, while this discount exists, Ceres will continue to deploy cash in the buyback of the Corporation’s shares." If the company's assets are actually "significantly undervalued" and the management team were investment managers, then I would expect them to want to - and maybe actually - "deploy cash in...buyback(s)". For me - a person who is usually interested in low price/stated bv as an investment criterion - I am encouraged by the low price/bv I see here and management's apparent willingness to do something about it. Jmo. For others, who look at other metrics or have have different focus (like the income statement here vs. the balance sheet), their view of the stock now as a suitable buy may of course be different from my view. ceresglobalagcorp.com finance.yahoo.com