Pinetree: a deep value play with question marks MARTIN MITTELSTAEDT From Wednesday's Globe and Mail Published Tuesday, Apr. 05, 2011 5:55PM EDT Last updated Wednesday, Apr. 06, 2011 6:33AM EDT
Increase text size Investors looking to buy $1 worth of value for the bargain price of around 60 cents might be able to find such a deal in the shares of Pinetree Capital Ltd. (PNP-T3.260.061.88%)
Pinetree, a mutual fund-like company that invests in junior resource companies, recently has traded for about $3 a share, but has a net asset value of $5.01, or the amount of money that would be returned to stockholders if its holding of resource stocks were liquidated, and all its liabilities repaid.