RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CMC valuationSo, why do you publish or even bother with CMC? Any "Legitimate Shareholder" should be encouraged by the last two years' results.
First and foremost, people are an organization's most valuable asset. CEO Jackson and CFO Dhaliwal have done an outstanding job of removing non-core assets and developing a focused organizational strategy that appears to be profitable.
Secondly, feedstocks with a concentration on wood based materials opposed to plastics or other expensive feedstocks that could make CMC uncompetitive. Solves a major ESG problem that rail firms across NA have, and few work arounds for.
Third, the fact that CPKC remains interested in Cielo and MidWest agreed to the latest deal paints a very different picture of Cielo today. Then there is what we do not know.
Institutions may not have a position in CMC, but I guarantee they are now paying careful attention. BTW, this is a turning point, and with it's horrible ancestry, CMC still has a long way to go in terms of reputation.
So yes, I hope that someday this will be something and will continue to advocate for what CEO Jackson has been able to accomplish, until it is time not to.