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MFC Industrial Ltd. Message Board

  • kunjamukkid kunjamukkid Sep 20, 2012 3:12 PM Flag

    Other Resources to understand this company?

    I am a long term shareholder and have benefited significantly from the wide range of success. My position is getting past 5% of my portfolio and I wish I had better understanding of the various businesses. Trust or have confidence? The idea of trusting Mr. Smith is too complicated a philosophical and intellectual pursuit for me to master. Trust, but verify seems the appropriate and prudent approach.
    What are resources or analysis or investors that could help me better understand this company. I am certainly willing to pay for research if appropriate.

    Sentiment: Hold

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    • Can you give us some examples of companies that meet your criteria for transparency? I'll
      keep mentioning it.....over the years how much information has Warren Buffett given to his
      stockholders???

      Sentiment: Strong Buy

      • 3 Replies to dickeypiper1
      • Disagree - I own shares of BRK although not a complete Buffett koolaid drinker. Berkshire has plenty of disclosure. Much more than here. I would agree with those who say that the nature of the business requires a bit of poker playing skill and keeping one's cards as close to the vest as possible, but if feels like Smith goes overboard. Sometimes he lets loose a nugget, but it feels like he only tells us what he is forced to at knife-point.

      • That's just absurd.

        To echo the last comment, self-dealing is the most important issue here.

        Now there is a sensible response which is that participating in the world of global commodities is to participate in the world of the extra-legal. But to draw a comparison to Buffett is obviously ridiculous.

      • Warren Buffet gives quite a bit of disclosure. There is also no self dealing among related partially owned companies for Berkshire Hathaway. I do not think it is possible from MIL's disclosure to have a clue as to where it makes its money. I suspect the iron ore royalties rising with commodities prices have been most of it. The balance of earnings are probably from the well run merchant banking operation (MFC) I suspect Chinese operations have been dead money.

        Sentiment: Hold

 
MIL
7.64-0.06(-0.78%)Sep 17 4:02 PMEDT

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