If they sell, Saputo will likely try to take the company private & delist from the stock exchange. (from what I've read)
If MG holds onto it, they'll be holding onto a company with a P/E ratio of 60+.. which is obviously grossly overpriced.
The market will likely correct sharply to reflect WCB's real value. Maybe 10-20 P/E is average for a dairy producer. Saputo is at around 13 P/E
Personally, I can't really see MG holding onto to any stock...
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Last
$5.09 |
Change
0.010(0.20%) |
Mkt cap ! $1.551B | |||
| Open | High | Low | Value | Volume |
| $5.09 | $5.10 | $5.02 | $3.793M | 747.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7890 | $5.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.09 | 3971 | 1 |
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