GREY:VTRAF - Post by User
Comment by
Marquis77on May 28, 2010 7:25am
526 Views
Post# 17139312
RE: RE: RE: RE: Buy levels
RE: RE: RE: RE: Buy levels"Mayo is buying and borrowing and the profits are not growing."
Exactly. Viterra just bought another US grain processor, all in cash. Looking at the M&A, Mayo talks about growth, growth and more growth. He never mentions a word about growing shareholder value. All these acquisitions are nice to your pocket, Mayo, but what's in it for me?
Mayo has been too long at the helm. The SP is the same as it was in 2006. How pathetic is that? But Mayo's salary has skyrocketed.
Now I understand is growth strategy.