True but those assets are only worth the returns you can generate from them. Ive thought often about this. They may be understated on the balance sheet but these companies make low returns on the capital already employed. Imagine how low returns would be if the marine leases were fully valued as well. There’s no way around this for JBS or anyone else.
HUO Price at posting:
$3.84 Sentiment: None Disclosure: Not Held
