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Yaron Ron Reuven  

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  • Venezuela To Devalue Its Currency Again, MercadoLibre's Financials Will Get Hit Hard [View article]
    very good article, and I look forward to the announcement. in addition to the currency issues in Venezuela and Argentina (and being insanely overvalued), MELI has multiple business issues that I believe will become systemic problems. Although I'd like to give management of most companies the benefit of the doubt regarding honesty, the fact that MELI management has ignored so many issues leads me to believe that they are incompetent [and need to be replaced] or are in on it to fool ignorant investors. http://seekingalpha.co...
    Jan 14, 2014. 06:03 PM | Likes Like |Link to Comment
  • 2014 Small And Mid Cap High Conviction Shorts [View article]
    Michael44,

    I'm not sure if you're trying to convince yourself or others with the MELI bull pitch, but you really should do some more work on the company and see that the growth is not really as much as you say, nor is this company a remote resemblance to a "blue chip" company as their sales have not even reached $1 billion, let alone the many billions real blue chips generate. This is not to say that I prefer blue chips over anything else, but rather to point out that calling this company a blue chip is a far fetch idea that sounds too emotional instead of rational. Just my opinion for the penny its worth.
    Jan 14, 2014. 05:02 PM | 1 Like Like |Link to Comment
  • 2014 Small And Mid Cap High Conviction Shorts [View article]
    the problems with MELI currency/assets due to argentina and venezuela are much greater than investors realize. The fact is that if the company actually reported the correct currency conversion ratios for the two countries, the growth shown in the past quarter would be much less than the 26% they indicate (which you mentioned in this article), and the value of their balance sheet would be impacted greatly. http://seekingalpha.co...
    Jan 13, 2014. 07:56 PM | Likes Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    Thanks Dom. At the very least I'd want them to put themselves on sale block and show investors (and see for themselves ) what are the possibilities.
    Jan 1, 2014. 02:11 PM | Likes Like |Link to Comment
  • Boulder Brands' EVOL Acquisition And Strategy Evolution [View article]
    Since you seem very interested in sector, have you become familiar with much cheaper organic food co SunOpta (STKL)? http://seekingalpha.co...
    Dec 27, 2013. 12:20 PM | 3 Likes Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    William,
    How is hypothetical $18 with dividend of 3 cents in 5 years better than hypothetical today $23 ?
    Dec 27, 2013. 10:50 AM | 1 Like Like |Link to Comment
  • Boulder Brands lands Evol Foods [View news story]
    Here's another example of another acquisition in organic food industry based on P/S multiple. Boulder bought EVOL for $48,000,000, while EVOL sales were only $17 million (P/S =2.82 ), and expected to generate sales of $25 million in 2014 (P/S =1.92 ), with projected EBITDA of $1.5 million (P/EBIDTA = 32). All of these multiple numbers would lead to a drastically higher valuation than the $1.6 billion minimum that I suggested SunOpta (STKL) can sell for if was put on the market. http://seekingalpha.co...

    http://bit.ly/1c1Hc9e;highlight=
    Dec 23, 2013. 02:12 PM | Likes Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    Here's another example of another acquisition in organic food industry based on P/S multiple. Boulder bought EVOL for $48,000,000, while EVOL sales were only $17 million (P/S =2.82 ), and expected to generate sales of $25 million in 2014 (P/S =1.92 ), with projected EBITDA of $1.5 million (P/EBIDTA = 32). All of these multiple numbers would lead to a drastically higher valuation than the $1.6 billion minimum that I suggested SunOpta can sell for if was put on the market.

    http://bit.ly/1c1Hc9e;highlight=
    Dec 23, 2013. 02:11 PM | Likes Like |Link to Comment
  • The Problemas We Found In MercadoLibre's Earnings [View article]
    MercadoLibre initiated with a Sell at Goldman; tgt $85 (102.76)
    Dec 17, 2013. 09:01 AM | Likes Like |Link to Comment
  • Novatel Wireless: The Bottom Is In And Plenty Of Gains Ahead [View article]
    Like I said the company is infested with some of the worst management on the planet. Nothing will save shareholders so long as they're in power. If you doubt me just call and try to arrange a call with CEO. For such a small company it should be simple. But in this case it's easier to get the CEO from google on the phone than this guy who dodges questions and pretends to be busy.
    Dec 14, 2013. 10:58 PM | Likes Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    William,

    although we agree that management is good at STKL, why would any shareholder want to wait to get value that they can get already today by selling company to HAIN WWAV or others?
    Dec 11, 2013. 03:40 PM | Likes Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    PSalerno,

    despite which multiple calculation is being used, STKL is cheaper than dirt in comparison to its peers. I use the P/S multiple because if you look at every buyout transaction that's occurred in the industry, (many by HAIN, which you can see in my thesis or on their Annual report), they've all been based on SALES not, profits or margins or anything like that. The buyouts are more relevant to understanding a full valuation for companies because that is the only time you can truly know what investors are willing to pay for an entire company, and not just a piece of their future.
    Dec 11, 2013. 03:33 PM | Likes Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    David

    Although I understand what you're saying, the comps I used were not all only selling branded goods. Regardless of brand or no brand, it still does not justify an industry average 2x Sales, while STKL is at 0.43. It can never make sense that a company like Annies that generates a $120 million in sales would be worth more than a company like STKL that generates $1.3 Billion in sales. Even if the Annies brand is the coke of the organic food industry (which its not) it still does not justify such a drastic discount for STKL.
    Dec 11, 2013. 03:30 PM | 2 Likes Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    bike,
    although selling Opta Mineral group, and IPO the Mascoma division would definitely yield shareholder value, the severe undervaluation STKL is being pegged with is a result of being unknown. Any buyer of the company, can do the same thing as what STKL is doing, which is prep the two divisions for sale in 2014 and may actually get a large portion of the purchase price back, so buying STKL as is now is actually an advantage to any buyer. .
    Dec 11, 2013. 03:25 PM | 1 Like Like |Link to Comment
  • Why SunOpta's Board Should Vote To Sell The Organic Food Company [View article]
    Patent News,

    why too early to sell, the company has been around for some time. Regardless of time, if shareholders can get another billion or more in shareholder value today rather than in future, why wouldnt they want that?
    Dec 11, 2013. 03:22 PM | 1 Like Like |Link to Comment
COMMENTS STATS
465 Comments
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