RE:RE:RE:RE:colombiaOldnagger wrote: Digging down a bit deeper on Parex, they have net cash on their books and no net debt, so they could even sit still for a fairly lengthy period with minimal financial risk Columbia has evolved with time, most people are jobs driven, but there are still tensions remaining from former times. Under current market conditions Parex has an ROCE about the same as VET ,but they do not have as high a return on share price.
I think Nuttal was right about financial synergies between Parex and VET , But I am not sure whether there are any development synergies. So the upshot would be a company that is more diverse, less financially risky, but likely more geographicaly risky ( depending on your feelings about Canada)
Things are getting a little heated down there again. With the Latin spirits one never knows what can happen at any given time. Always a powder keg to be concerned about.
https://www.thecanary.co/global/world-analysis/2021/05/09/strife-in-colombia-has-been-brewing-for-decades-heres-why-we-hear-so-little-about-it/