Tags
accretion, activist investors, Avangardco, Cal-Maine Foods, corporate governance, eggs, enhanced EPS/NAV, free cash flow, intrinsic value, Iryna Marchenko, lowest cost producer, M&A, majority control, minorities, Nataliya Vasylyuk, Oleg Bakhmatyuk, P/E ratio, P/S Ratio, Return on Equity, risk aversion, share buyback, technical analysis, Ukraine, Ukrlandfarming
Here’s a copy of a recent letter to the CEO & CFO of Avangardco.
Note I’ve updated all figures, as appropriate, to reflect today’s $10.50 closing price – otherwise, the text remains unchanged. For reference, I’ll also include Word copies of the original below. The letter speaks for itself, and is also a great reminder to readers of AVGR‘s extraordinarily cheap valuation! So, without further ado:
‘November 05, 2012
FAO:
Nataliya Vasylyuk, CEO, &
Iryna Marchenko, CFO
Avangardco IPL
121 V Prospect Peremohy
Kyiv, 03115
Ukraine
Dear Nataliya & Iryna,
Wexboy 