(Editor's Note: Investors should be mindful of the risks of transacting in securities with limited liquidity, such as GRCLF. GrainCorp's listing on the Australian Stock Exchange, GNC.AX, offers better liquidity.)
Continuing my global tour of ag companies, today's subject is GrainCorp (OTCPK:GRCLF) (GNC.AX) - an Australian grain handling/storage company that is also a significant global player in malt and a regional player in edible oils. GrainCorp is probably best known as the target of Archer Daniels Midland's (NYSE:ADM) unsuccessful takeover attempt in 2013, as the Australian government wanted to protect a "national champion" in a strategic sector.
GrainCorp doesn't appear to be the investment opportunity that I had hoped to find. Not only is the...
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