Seeking Alpha

In the world of commodities traders and supply chain management companies, secrecy and opacity tend to be the chosen mode of operation. This behavior is not uncommon in this industry as the mighty Glencore Xstrata PLC (OTCPK:GLCNF, OTCPK:GLNCY) used to be known as one of the world's most secretive companies prior to its public offering in 2011. However, this becomes much more difficult to pull off when you are a public company unless you are MFC Industrial Ltd. (MIL). While the company now holds regular quarterly conference calls and its reports have become more detailed, company Chairman and CEO Michael J. Smith seems to still leave investors dazed and confused.

MFC is a burgeoning supply...

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