What an odd bunch of businesses….. lots of M&A activity in the feed industry; Cargill is completely absent; not surprising given performance in the past few years.
BioIndustrials continues “coasting”……..
Salt? Well; if we get a good winter is a good year
Any insights on who will be the first to be sold from that “portfolio “???
It's not all of salt. It's just the road salt division which was split off last year. There have been rumors they want to sell the mines as they are another fatality waiting to happen and lose money.
The food salt part of the company makes money, or at least it did when I was there.
Or McKinsey couldn’t get any more cost out, so they hired BCG next. The better idea would be to layoff all the strategy folks since all they do is hire expensive consultants to do their jobs.
All I can tell you is that there are a ton of BCG consultants running around 3rd floor. This is new, so something must be getting close to execution.
This a good question…. Maybe animal nutrition is the one to go first….. the industry is rapidly consolidating…… many years of not growing….. just hope they get good money for it.
Anything to help that ESOP program and the lousy share price!!!
CAN sold to a local company is my guess.