finetrader Posted March 14, 2013 Share Posted March 14, 2013 Interesting situation in Burelle. Market cap = ~550M Euro equity holding in a solid company - Plastic Omnium (POM.PA) ~1000M Euro So 50 cents for a dollar situation. Anyone is aware of this company? http://www.gurufocus.com/news/212080/burelle-a-growing-euro-for-50-cents Link to comment Share on other sites More sharing options...
oddballstocks Posted March 14, 2013 Share Posted March 14, 2013 Very interesting, similar to Sofragi as well. Link to comment Share on other sites More sharing options...
Hielko Posted March 14, 2013 Share Posted March 14, 2013 Are there negative tax implications for the holding structure in France? Link to comment Share on other sites More sharing options...
finetrader Posted March 18, 2013 Author Share Posted March 18, 2013 I bought BUR this morning. I was thinking about combining this purchase buy shorting POM but then I realized that Omnium seems to be growing still and that it is not everyday you can buy a solid company for 6 times earnings. Even in Euro dollars. I believe the spread between BUR and POM is due to illiquidity in BUR as the float is only about 0.3M shares. Then all we have to do is to advertise this situation over the internet... Link to comment Share on other sites More sharing options...
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