Not exact matches
The main topic was commodity inflation around higher metal prices (aluminum and
steel) and higher
oil prices, which translated into higher packaging costs
for many
companies, but it also included wage concerns.
Alberta Premier Rachel Notley, centre, and Finance Miniser Joe Ceci, right, speak to
steel workers as she tours a
company producing pipe, casing and tubing
for the Canadian
oil and gas sector in Calgary THE CANADIAN PRESS / Jeff McIntosh
Now, they «re mainly talking about commodity inflation around metal prices like aluminum and
steel and
oil prices, which translates to the higher packaging costs
for many
companies.
Third, there were some asset purchases and rationalizing of assets between the portfolio
companies during the past 4 months; Several
oil / gas well drilling
companies / assets were acquired by different affiliates within the portfolio, then the
companies / assets were consolidated under
Steel Excel (the shell of the old ADAPTEC), presumably upstreaming some cash from
Steel Excel to the holding
company for further investments.
Using average 10 earnings to value a
company might make sense on a
steel or
oil company, but would you really use say a growth stock like Visa's EPS 5 years back
for the «E» in the equation?