I won’t be around this afternoon, as I have a meeting to attend. This should be the last such business trip for a while. Who knows? Depending on the outcome, I may even announce what I’m up to.
As for the market: it is gay.
BG soundly destroyed earnings estimates today, as its agribusiness segment ran train on global commodity prices, as was expected. Yet, no love for the stock was given, and it’s down as I type this. Truly, stunningly remarkable…the only bad news came from the edible oil line of business.
Has it occurred to the world that BG is likely intentionally cutting back on its oil line, so that it can sell the basic commodity needed to make said oil directly to the market, for asinine gains?
Yet, here we sit, sliding downwards.
Meanwhile, my losses are mostly muted, thanks to the new additions of my REIT allocations.
Watch closely, as I outperform for the third year running, thanks to the residential REIT segment catching on fire.
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Wassup with the fertilizer division? Meager profits there … they need to buy MOS! Maybe that accounts for some of the disappointment, or maybe it’s just a euro-stock discount.
I’m not even going to try and fathom all the things it could be. There is a serious mispricing occuring in the name, and adventually that will correct.
That being said, if you look at a map and start slapping post it notes where natural calamities are occuring/have occured recently, you’ll see BG is one of the few places that can fully exploit global commodity prices.
I think I saw Egypt on that map, no?