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: E_K_S who wrote (62040)	5/21/2019 9:40:30 AM
From: Spekulatius	1 Recommendation Recommended By E_K_S Respond to of 78741

I believe the warrants on CRTVA will start trading on about 5/24. It will probably trade at an PE~14x. Balance sheet is debt free except the considerable working capital ( they need to accumulate sed inventory for the growing season) , but will bear about $200-300M in pension cost annually. I think there is considerable upside to profits because the restructuring from the Dow / DuPont combination is only 1/2 complete. FWIW - the DuPont seed business ( Pioneer Hi bred) was acquired for almost $10 B in 1999. That investment didn’t work well, I think looking at the value of the entire business now.