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Beam, Inc. Message Board

  • frmdar84 frmdar84 Jan 13, 2014 10:28 AM Flag

    NYSE Stock Absolutely Must Rise 32% in Short-Term

    Agria (GRO)'s 80.81% owned Agria Asia subsidiary owns 379.1 million shares of PGG Wrightson (NZX: PGW), which is now up to a 7-week high of NZ$0.42. PGW is New Zealand's largest agricultural services company and these 379.1 million shares are now worth NZ$159.22 million or USD$133.11 million. GRO's 80.81% interest in the shares is worth $107.57 million. With only 55.38 million shares outstanding, GRO deserves to be $1.94 per share from its interest in these shares alone, which is 32% above its current share price of $1.47. GRO's booming China seeds business with 98% revenue growth won't be receiving any value at all until GRO is trading above $1.94 per share. GRO only lost money last year due to non-cash writedowns of goodwill and had HUGE positive free cash flow. GRO will likely be very profitable this year. GRO recently repaid $14 million in debt, reducing it debt to $71 million, and has about $65.5 million in cash. Next month, PGW is expected to declare a huge cash dividend payment, which will give GRO a huge inflow of cash and put it in a position to repay all of its remaining debt. We own 550,000 shares of GRO and don't intend to sell until it is trading substantially higher.

 

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