Quiet is good guys....we only want to be on the front page once...Look at the press Viterra is getting for a possible bidding war! In two years I think my Viterra post got maybe 3 responses here on a value investing board!!...
When you think about business you need to understand what the assets are worth to other businesses. Individual investors are driven by sentiment and the crowd..A good business is thinking about maximizing their assets everyday..not the value of their market caps...Is it cheaper to build? Is it cheaper to expand the workforce? How much will it cost to enter another country? And then they always ask the question.
" would it be cheaper to buy out another business" and when it is...they do it...that simple.
Boone Pickens famous line "it is cheaper to drill for oil on the New York stock Exchage than than anywhere else." is true right now and there is trillions of dollars on corporate balance sheets on the sideline...
Altius is in the boring Viterra situation because of the fact no one knows them...Their assets are world class (not unlike Viterra) but their cash in the bank, no debt, and future cashflows make it an incredible business over the next few years unlike Viterra.
Dazel.
