RE:Share price 2X earningsgreaterfoolFred wrote: Hello all, and thanks to JimToronto for keeping ths board alive. I am curious about the share price. Why would this company be trading at just over 2X earnings? Any thoughts? Good luck all.
My personal views:
1, a dominant shareholder, thus weakness of governance.
2, involvement of Russian players, e.g., Pala and the former owner of Farim.
3, failure to ramp up the SSP plant in Brazil.
4, uncertainty of the permitting at Conda.
5, previously a large amount of debt even after a recapitalization reducing debt to zero
6, the volatility of the fertilizer market
7, big players (NTR, MOS, CF, ICL, etc) are trading at a discount as well
8, lack of effective marketing and promotion
9, failure to execute previous plans publicly announced/disclosed (e.g. Arraias, Farim, Paris Hills)