Post by
shinny1 on May 28, 2010 12:02pm
Stock price at 2005 level
The TSX and most other indicies are at their 2005 levels.
If anyone believes that the VT share price is undervalued, then it is identified that it's a good time to buy the shares.
Have a look at Archer Daniels and Bunge share prices - no great change from 2005 levels.. Both compamies' book value per share and revenue per share have nearly doubled since 2005 but no reflection of those metrics in the share prices.
Over the same period Vt's BV/S has also doubled and revenue per share is 75% higher. Looks like shareholder value creation. Maybe it wasn't a good time to buy shares in 2005 at $8.00 or at $14 in 2008. The share price is what it is, when it is. It's up to the investor to determine the what and when to buy.
As for VT continuing to expand globally and integrate vertically, it seems like an ideal growth strategy.
Either I'm naive or many others are living in a vacuum of .............
Comment by
jrj90620 on May 30, 2010 7:02pm
Good post Shiny.I'm with you on this company but question my beliefs when I see the stock continue falling after I buy.Wonder who is selling.
Comment by
Bapak on Jun 02, 2010 12:47pm
Is something wrong with VT ? Huge short position. I bough it at $8.88 and sold $8.28 taking 7% loss. It keeps going down. Maybe all these acquisitions are not as great as VT management thinks. It will be interesting to see what transpires on June 9.B.