Amit Wadhwaney of Third Avenue Management recently discussed Viterra Inc (TSE:VT) which he views as undervalued. In the interview, he discusses it's strengths. He stresses it's great assets and wonderful balance sheet. He gave glowing comments about a recent Australian acquisition which he describes as shareholder friendly and actually growing shareholder value.
Viterra Inc. (Viterra) is a Canadian agribusiness organized into five segments: Grain Handling and Marketing, Agri-Products, Food Processing, Feed Products and Financial Products. The Company’s Grain Handling and Marketing segment warehouses grain and oilseeds grown in South Australia in bunkers, silos and grain sheds. The Agri-products operations also include an ownership interest in a nitrogen fertilizer manufacturer and a network of retail locations. Viterra’s Food Processing segment produces semi-finished and finished food ingredients for consumer products companies and food processors worldwide. Viterra’s Feed Products segment processes raw materials into livestock feed, ingredients and nutritional supplements. The Financial Products segment offers financial products to producers in North America, primarily consisting of credit programs to support their on-farm cash flow requirements. In May 2010, Viterra Inc. acquired Dakota Growers Pasta Company, Inc.
Third Avenue management first acquired Vitera in 2006. For most of 2006, Viterra hovered right around $8 per share. It recently closed at $8.19. Given Wadhwaney's thoughts, maybe Viterra is worth further consideration. See the full video below: