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Galena Biopharma, Inc. Message Board

  • wilvin58 wilvin58 Nov 20, 2013 2:09 PM Flag

    98% Revenue Growth, Could Easily Gain 50%-100%

    Agria (GRO)'s wholly owned China seeds subsidiary grew revenues in fiscal 2013 by 98% to $17 million, yet it's currently being valued at LESS THAN ZERO. If GRO sold their shares of PGG Wrightson (PGW.NZ) at the current New Zealand Exchange market price it would have approximately $174 million in cash and $75 million in debt, for a net cash position of $99 million. With 55.38 million shares outstanding, GRO would have a net cash position of $1.79 per share! GRO is currently trading for only $1.30. Even if GRO's China seeds business is worth only 1X sales or $17 million, GRO deserves to trade for $2.10 per share, up 62% from its current share price. We have already accumulated 550,000 shares of GRO and don't intend to sell until it reaches much higher prices.

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