RE: another neutral research
Your link doesn't work, but then again why would that be a surprise.
Okay, here is your assignment for this evening. I have an appointment with my broker tomorrow. Interestingly, his mantra is "don't over think things"'. That has to go beyond the pall to bring up the verb "think" to you. However, be that as it may. this arose when I suggested he put me into Nortel. His response was no way. Nortel had never made money, wasn't making money and never would. I countered that there were leaders in VOIP and six thousand other technologies. After he hit me, his reiterated his point that they don't make money and that is all I needed to knw.
At this point, I am 90% sure of selling my position in BU. It has not treated me well. Not an overly large one, but not insignificant either. I would like to put it into BXI, but he will have other suggestions.
Anyway, without overthinking things, the following are my thoughts on BU.
The assets they have are their patents. They could very well be great assets, but maybe they're not. They are trying to do a deal with the "Great Satan" ADM which may happen and then again may not. The deal with ADM may really benefit BU but they again maybe they lose their shirt on the deal (remember that Brian Mulroney was a director for many years - ethics might not be this company's strong point), It seems to me the operative word here is always "maybe".
Two other things really concern me. The first being that ADM is controlling the agenda and will determine, when and if anything happens. The second is all the noise about GRAS and other approvals. I may be reading the tea leaves wrong here, but it seems that ADM are stalling. The fact of the matter is that ADM, Monsanto, Cargil etc. could get dog poop approved for human consumption in a month if they wanted. After all, Soy Concentrates produced by the Toasted Meal process made it. Just thinking about that makes one want to throw up.
However, I haven't sold yet and I would be willing to listen to reasons why I shouldn't. Bear in mind that this is about BU and nothing else. Also it would really be a miracle if you could get through a post without using the words pump and dump.
I would also welcome the more thoughtful folks on this board to offer their thoughts.
Thank you
Basement