Dundee Corporation (OTCPK:DDEJF) ("Dundee" or "the company") is an investment holding company based in Toronto, Canada and trading at a wide discount to its net asset value ("NAV"). Dundee is currently valued at $1.1 billion CAD, but its underlying assets are worth far more (discussed below). Since the loonie and US dollar are basically at parity ($1 CAD = $0.97 USD), this analysis will just use the $ sign but investors should note figures are in CAD.
One source of market inefficiency is known as the "conglomerate discount" where the sum-of-the-parts are worth more than the market is pricing the whole. As such, closed-end investment holding companies are an excellent place to bargain hunt, especially when management has...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|