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

To: Paul Senior who wrote (53753)	4/25/2014 11:54:28 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78751

I follow you into SENEA @28.5X$ for a few shares. SENEA sells for a discount to book, but has done so for extended periods of time. Business results are lumpy and depend on harvest and processing margins. LiFo charges create a lot of noise in the results I think it is a mediocre business at best, selling for a low price. The family seems to be fair towards minority shareholders, which is a big plus. The stock trades quite a bit below the replacement value of their assets. I think it is a reversal to the mean bet. I think there is a remote chance of getting bought out.