GREY:ITGQF - Post by User
Comment by
poubelle1on Feb 12, 2018 5:28pm
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Post# 27547378
RE:RE:Jarislowsky, Fraser
RE:RE:Jarislowsky, FraserWe are in the Sweet spot.
Interest rates are rising. The profit on debt securities will rise and over time. Consolidators will want more exposure to debt specialists.
Management owns most of the stock, including Veronica Hirsh. The only way they will get their money out is with a buyout. So, expect one in the next 3 years.
Also, if you include unrecognized profits from the real estate pools, this company has close to 1 dollar in cash.
I have a target of 3.5 to 4 in the next 3 years as a buyout price.