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Bunge Limited Message Board

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  • joetong419 joetong419 Oct 5, 2010 11:32 PM Flag

    This stock seems to be manipulated by the MM

    BG Argentina raid has potential for lower 50s, but can easily bounce back to 60+.

    However, just a drop in the bucket tax issue of < $300M. One wonders if tax evasion true or happening at other foreign countries.

    Not for those with weak hearts or no patience.

    Book value (land and crop) worth more than stock price - unless figures are bogus.

    GLTA

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    • Argentina's government is very sketchy and very short of money. They put out economic statistics that are generally considered bogus, for instance the official inflation rate is about 8% vs 30% private estimates. They can't borrow internationally because they defaulted on their bonds 3 or 4 years ago. And less than a year ago they nationalized all private pensions into the government pension plan, where they now can borrow the money (think forced conversion of IRAs into social security). So Bunge's story that this is a shakedown rings true to me.

 
BG
80.25-0.87(-1.07%)Apr 17 4:01 PMEDT

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